Audit of multifaceted special events

Assignment Help Auditing
Reference no: EM1354548

As an independent financial consultant, you have been hired to audit the books of a multifaceted special events organization. Upon examination of the records, you determine that management intentionally commingled funds between the different divisions of the organization. Explain your response to this situation and justify the recommendations you would present to management.

Reference no: EM1354548

Questions Cloud

Elucidate how a decline in the cost of business travel : Elucidate how a 20% decline in the cost of business travel would impact this company's budget if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour.
Enduring a traumatic brain injury : A teenager who endured a traumatic brain injury in an automobile accident and who now has severe facial and upper-body scarring?
Explain the horizontal reward system : Explain the horizontal reward system used in a workplace - Do you find this system effective or ineffective? How?
Question on size of accounts receivable : Tidwell, Inc. has weekly credit sales of $19,400, and the average collection period is 34 days. The cost of production is 75 percent of the selling price. What is the average accounts receivable figure?
Audit of multifaceted special events : As an independent financial consultant, you have been hired to audit the books of a multifaceted special events organization. Upon examination of the records, you determine that management intentionally commingled funds between the different divis..
Explain what is an incident report in health care : Explain What is an incident report in health care and When would you complete an incident report and what would you be sure to include in the report?
Organizational challenges : Why are people fearful of change and as an employer, what are some ways to help employees cope with changes
Determine maximum value in ring if there is unique initiator : Design an algorithm that, under the standard set of assumptions (bidirectional links, total reliability, connectivity), determines maximum value in the ring assuming that there is a unique initiator.
Illustrate what effect did this decline : An average yearly rate of 10 to 11 percent in the late 1980s. Illustrate what effect did this decline have on.

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd