Auditor might set a lower level of performance

Assignment Help Auditing
Reference no: EM13886425

1.Provide two examples of when an auditor might set a lower level of performance materiality for a particular class of transactions, account balance, or disclosure.

Reference no: EM13886425

Questions Cloud

Research the different methods of business decision making : Research the different methods of business decision making (SWOT should be considered). Present the best method you have found. Develop a business financial problem and use the method you have chosen to analyze your dilemma and come up with a solutio..
What were likely factors contributing to the fraud : What were likely factors contributing to the fraud? What audit procedures might have identified the inappropriate adjustments?
Republican or democratic presidencies : Does the stock market perform better during Republican or Democratic presidencies? Do certain firms or industry segments systematically underperform or outperform during a certain political regime? Why? The goal of this project is to examine the rela..
Long hydrofoil with chord length : A 2.2-m-long hydrofoil with chord length 50 cm operates 40 cm below the water's surface with an angle of attack of 4-. For a speed of 15 m=s determine the drag and lift and decide if cavitation exists on the hydrofoil.
Auditor might set a lower level of performance : 1.Provide two examples of when an auditor might set a lower level of performance materiality for a particular class of transactions, account balance, or disclosure.
What is an rfp and how is this different from an rfi : What are the differences between the time-and-arrangements, fixed-price, and value-added contracts for outsourcing? What is an RFP? How is this different from an RFI
Diameter high-tension wires : A 10-C wind blows over 6-mm-diameter high-tension wires. Determine the range of velocities over which vortex shedding occurs. Could the shedding frequency be heard?
Auditor finds one receivable that is overstated : If the auditor finds one receivable that is overstated by $55,000, what should the auditor do?
What might motivate management to overstate fixed assets : What might motivate management to overstate fixed assets? What other factors should the auditor consider when assessing fraud risk related to long-lived assets?

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