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Your firm is the auditor of SunRamp Insurance Brokers Ltd, which operates from a number of branches and provides insurance for the general public and businesses. The company obtains insurance from large insurance companies and takes a commission for its services. You have been asked to audit certain aspects of the company's property, plant and equipment for the year ended 30 June 2020. The company's main property, plant and equipment include:
The company has been operating for a number of years, and it maintains details of its office equipment and cars on a computerised non-current asset register. The company uses the following depreciation rates:
You are concerned that the depreciation rate for the computers may be inadequate. You have decided not take predominantly substantive audit approach. REQUIRED:
Problem (a) Describe the audit procedures that you would undertake to verify the ownership, existence and valuation of the land and buildings
Calculate the capital balances for each individual in the new partnership assuming bonus and good will method
Pharmacy has sent a bag of Lasix 400 mg diluted in D5W 250 mL. How many milliliters per hour will you set on the controller
30% of the repairs will be made in 2012 and 70% in 2013. In the 2012 income statement, Company should show warranty expense of what?
ACC30010 Auditing and ACC30008: Accounting Theory Assignment. Explain why the 2003 Accounts Modernisation Directive should be amended
Show Journal entries and necessary accounts. Also show how the items will appear in Profit and Loss account and Balance sheet.
Pat, who is age 66 and single with no dependents, received a salary of $90,000 in 2016. Compute Pat's taxable income and AMTI
ear versus apr ricky ripovs pawn shop charges aninterest rate of 20 percent per month on loans to itscustomers. like
Delroi, Inc. provided the following data for 2008 and 2009: Calculate the gross margin return on inventory investment for 2008 and 2009
Carver, Inc. uses the weighted-average method in its process costing system. What are the equivalent units of production for materials and for conversion costs
Calculate EPS and dividends per share before stock split. Calculate the originally reported earnings per share for 2009
the following balance sheet was prepared by the bookkeeper for brown company as of december 31 2011.brown
x company is considering buying a part next year that they currently make. this years total production costs for 11400
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