Constitute sufficient evidence to support the assertion

Assignment Help Accounting Basics
Reference no: EM13859573

1. Utilizing the "Auditing Through the Computer Approach" explain what types of procedures you would perform as an auditor in evaluating an online order processing system. Name a control that could compensate for inadequate segregation of duties in a computer system.

2. When considering the use of Management's written representations as audit evidence about the completeness of an assertion, an auditor should understand that such representations - select one of the answers that best completes this sentence and explain your response:

(a) Constitute sufficient evidence to support the assertion when considered in combination with a sufficiently low assessed level of control risk.

(b) Complement, but do not replace, substantive tests designed to support the assertion.

(c) Are not part of the evidence considered to support the assertion.

(d) Replace a low assessed level of control risk as evidence to support the assertion.

 

Reference no: EM13859573

Questions Cloud

Describe the transmission of pertussis : Describe the transmission of pertussis (whooping cough) in the context of the Agent-Host-Environment triangle
Evaluate corporations responsibilities towards the society : Appraiserelated ethical issues in order to make moral decisionspersonal & professional code of conduct in business. Evaluate corporations' responsibilities and activities towards the society.
Provide additional information from the accounting records : Additional information from the accounting records
Describe the printed circuit heat exchanger : Compact heat exchangers (CHEs) were among the first unit operations to be classified as intensified - Describe the Printed Circuit Heat Exchanger (PCHE) and its merits and potential uses.
Constitute sufficient evidence to support the assertion : Constitute sufficient evidence to support the assertion when considered in combination with a sufficiently low assessed level of control risk.
How abstract expressionism was not a unified school of art : According to our reading, select the true statements below that illustrates how Abstract Expressionism was not a unified ‘school' of art
Explore corruption scandal in terms of issue-related factors : Explore the corruption scandals in terms of the issue-related factors discussed in Chapter 4, namely moral intensity and moral framing.
Calculate the moment around point a : Consider the 2 wooden beams attached in the given image. Calculate the moment around point A for ?=30. All relevant dimensions are shown.
The development of various capital budgeting measures : Write a paper on "the development of various capital budgeting measures (such as MIRR) from their academic roots, to their application and utilization in today's business environment".

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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