Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Global Telecommunication is a company that provides call centre services for a variety of organisations. It operates in a medium sized city and your firm is the largest audit firm in the city. Global Telecommunication is owned and run by two entrepreneurs with experience in this sector and has been in existence for five years. It is expanding rapidly in terms of its client base, the number of staff it employs and its profits. It is now 15 June 2014 and you have been approached to perform the audit for the year ending 30 June 2014. Your firm has not audited this company before. Global Telecommunication has had three different firms of auditors since its incorporation. Global Telecommunication's directors have indicated to you informally that the reason they wish to change auditors is because of a disagreement about certain disclosures in the financial statements in the previous year. The directors consider that the disagreement is a trivial matter and have indicated that the company accountant will be able to provide you with the details once the audit has commenced. Your firm has explained that before accepting the appointment, there are various matters to be considered within the firm and other procedures to be undertaken, some of which will require the co-operation of the directors. Your firm has other clients that operate call centres. The directors have asked your firm to commence the audit immediately because audited accounts are needed by the bank by 30 July 2014. Your firm is very busy at this time of year.
Required -
(a) Describe the matters to consider within your firm and the other procedures that must be undertaken before accepting the appointment as auditor to Global Telecommunication.
(b) Explain why it would be inappropriate for auditor to commence the audit before consideration of the matters and the procedures referred to in (a) above have been completed.
(c) Explain the purpose of an engagement letter and list its contents.
If the company keeps and overhauls its present delivery truck, What is the net present value of the "purchase the new truck" alternative?
A description of the market segment classifications the assessment revealed (your own classification and the primary classifications
Moneyball, a book by Michael Lewis (2003), highlights how creativity, framing, and robust technical analysis all played a part in the development of a new approach to talent management in baseball. It also exhibited great examples of the biases an..
The exercise price of the options was $20 while the average market price for the shares was $25. What is Jalisco corporation's diluted EPS for the year ended
What is Joan's filing status for 2016, 2017, 2018, and 2019? Would Joan's filing status change if Marley attended school full-time rather than part-time
Greg died on July 1, 2019, and left Lea, his wife, a $45,000 life insurance policy. How much should Lea include in her gross income
the completed financial statement columns of the worksheet for woods company are shown below.account no.account
List three reasons for wanting to limit cost centers. List three ideas for eliminating or reducing the size of an existing cost center
In China, why may a lower birthrate lead to slower growth in real GDP per capita? Why might high levels of spending on investment in China lead to high rates of growth in the short run, but not in the long run?
A new retail store has offered to buy 8,300 of its skateboards for $59 per unit. The store is in a different market from Calla's regular customers and it would not affect regular sales. A study of its costs in anticipation of this additional busin..
1. on april 30 2009 tilton products purchased machinery for 88000. the useful life of this machinery is estimated at 8
How much should Zang Company report as office supplies expense for the year
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd