Complete millers list of procedures that need to performed

Assignment Help Auditing
Reference no: EM131914633

Problem

Miller is the in charge auditor with administrative responsibilities for the upcoming annual audit of Glenn Company, a continuing audit client. Miller will supervise two staff assistants on the engagement and will visit the client before the fieldwork begins. Miller has started the planning process by preparing a list of procedures to be performed prior to the beginning of interim work. The list includes the following items.

1 Review correspondence and permanent audit files

2 Review prior year's audit working papers, financial statements, and auditor's report

3 Discuss with engagement team (firm personnel responsible for audit and nonaudit services to the client) matters that may affect the audit.

4 Discuss with management current business developments affecting the client.

REQUIRED: Complete Miller's list of procedures that need to be performed prior to beginning of the interim audit work.

Reference no: EM131914633

Questions Cloud

How much gain can millers exclude and how much is recognized : Milton and Maxine Miller purchased a home in NYC for $350,000 on Oct 1, 2015. How much gain can the Millers exclude and how much is recognized?
Write about business you would like to start : Write about business you would like to start. A list of questions will be provided to guide you, but you should write your report as a narrative, or essay.
What is the selling price of gown : If her markup based on selling price is 78%, what is the selling price of each gown? (Round your answer to the nearest cent.)
How do we decide where blame lies : Despite his 6'5," 270-pound frame, Jdimytai Damour, 34, was no match for the unruly crowd of an estimated 2,000 Black Friday, 2008 shoppers at a Long Island.
Complete millers list of procedures that need to performed : Complete Miller's list of procedures that need to be performed prior to beginning of the interim audit work.
Describe the background to the conflict : Describe the background to the conflict, the conditions on the ground today, why it is difficult to solve and the prospects for the resolution of the crisis.
Do you agree or disagree with the given statements : Do you agree or disagree with the following statements? Explain. "Social responsibility is good business only if it is also good public relations.
What is the net present value of the factory : What will this factory be worth at the end of 2 years? (In other words, how much would you pay for it at year-end 2 if the applicable cost of opportunity was 10
How can the corporate group possess values at odds : Former General Motors vice president John Z. DeLorean wrote in his book, On a Clear Day You Can See General Motors: It seemed to me then, and still does now.

Reviews

Write a Review

Auditing Questions & Answers

  Discuss their implications for auditors conducting audits

The Clarity Project involved the International Auditing & Assurance Standards Board (IAASB) reviewing and reissuing all its standards to improve the clarity of wording and make their application more consistent.

  What is the average age of a board member of ebay

What percentage of the Board is not part of eBay's management team? Round to one decimal place. What is the average age of a Board member of eBay?

  Tim is currently planning tests of details

1.Tim Flynn is the engagement manager for the audit of ODonnell Enterprises.

  The bank statement showed a service charge of 56bull acorn

the bank statement showed a service charge of 56.bull acorn made a deposit on 31st may but this deposit did not appear

  Audit company web star limited

Professional knowledge and relevant qualifications can enhance professional level of an auditor - Necessary experience levels (for Example, Industry Experience) requried of the auditors to be involved in the audit Company Web Star Limited

  Analyze the balance sheet and income statement of company

Analyze the balance sheet and income statement of the company. Discuss the audit risk model, and ascertain which sampling or non-sampling techniques.

  Audit for general motors

Audit of general motors revenue. Each car and truck has an invoice on the window and is in GM's computer system, and that 8 million cars and trucks were sold.

  Create the audit plan for amazon or costco

AC 545 - Describe how your firm will implement technology into the audit plan to reduce your detection risk overall. Be sure to address if the use of technology

  Discussion to raise issues relating to internal audit

Discussion to raise issues relating to internal audit and the proper use of SWOT. You are also required to discuss the advantages and disadvantages of SWOT analysis.

  Astor city audit standards

Astor City, a small city that is not required to have independent audit, voluntarily decided to have an audit of its financial records. Currently, the city generates $900,000 in revenues. Discuss any potential violations of the applicable audit sta..

  Create false claims for credit on goods returned

Identify the accounts affected and whether this will be an overstatement or understatement.

  Describe accounting and auditing issues in the audit

You are to describe accounting and auditing issues in the audit that you will face as the new auditor

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