User Account

All Pages

Describe auditor responsibilities related to communication

Assignment Help Accounting Basics
Reference no: EM132826477

Question 1: Briefly describe the responsibilities of management and external auditors for internal controls.

Question 2: List the tools that can document the understanding of internal control.

Question 3: Describe the auditor's responsibilities related to communications regarding internal control matters.

Question 4:  What is meant by the concept of reasonable assurance in terms of internal control?

Question 5:  What audit work is required for an auditor to assess low control risk?

Reference no: EM132826477

Questions Cloud

With what type of objectives reading for meaning work best : A common mistake of many teachers is to start with an activity and then write an objective and assessment to fit the activity. Why is this not considered solid.
What was their return on assets : Dunder-Mifflin had sales of $2,500,000, a total asset turnover of 0.8, 30 days worth of sales in receivables, What was their Return on Assets
How can you adjust your planned learning activities : How can you adjust your planned learning activities to meet the needs of your learners if an unexpected event occurs? (for example, a pandemic arises and many).
How should the delivery equipment be recorded : The partners agree on a valuation of P150, 000. How should the delivery equipment be recorded in the accounts of the partnership
Describe auditor responsibilities related to communication : Describe the auditor's responsibilities related to communications regarding internal control matters. What audit work is required for an auditor to assess
What is the amount of profit or loss for the year : There were no additional owner's investments, and R. Sunland withdrew $46,000. What is the amount of profit or loss for the year
How much cash was paid to the common stockholders : During 2017, the only dividends Dickens declared were $46,000 in cash to the common stockholders. How much cash was paid to the common stockholders?
What the entry to record the issuance of the shares on may : Portland Sound sold 400 shares of common stock at $8 per share on May 1. The entry to record the issuance of the shares on May 1 will
Calculate the ROI for Tellco : Early in January 2019, Tellco Inc. acquired a new machine and incurred $12,000 of interest, installation, Calculate the ROI for Tellco for 2019

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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