Determine accounting irregularities

Assignment Help Accounting Basics
Reference no: EM13842322

Accounting Irregularities


Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers. Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation.

Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions. Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.

Reference no: EM13842322

Questions Cloud

How does current share price compare to what your analysis : Valuation is often considered using more than one method. Discounted cash flows may be used in conjunction with an appropriate ratio (again the ratio likely varies across industry). How does the current share price compare to what your analysis va..
Western nutrition herbs class assignment : Western nutrition herbs class's assignment- Write 200-300 word (about one page double spaced typed) reflections on course material five times throughout the course
Relationship of risks in the planning of audit and factor : relationship of risks in the planning of the audit and factors
Direct and indirect cash flow models : Direct and Indirect Cash Flow Models
Determine accounting irregularities : Determine Accounting Irregularities
Discuss fraudulent behavior : Fraudulent Behavior
Evaluate the strengths and weaknesses of progressivism : Evaluate the strengths and weaknesses of progressivism. Describe the major war aims of the Allied Powers in World War II. Describe the Supreme Court's decision in Roe v. Wade; then defend or criticize it
Write the paper in the form of a memo to management : Develop skills not only in performing the calculations behind financial analysis but interpreting the numbers as well - calculate and interpret the results. The purpose is not for you to find calculations and interpretations that have been done by s..
How effective course wrap-up : how effective Course Wrap-Up

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nominal rate on investment

If the current inflation rate is 4.2% and you are earning a real rate of return on an investment of 3.8%, then the nominal rate on this investment is closest to:

  Noncontrolling interest in subsidiary net income

Both figures occur evenly throughout the year. On a December 31, 2004 consolidated income statement, what should be reported as the noncontrolling interest in the subsidiary's net income and as preacquisition income?

  Comprehensive marketing plan is difficult-challenging task

The marketing plan format is one that is utilized by major corporations all over the country. However, writing a comprehensive marketing plan is a difficult and challenging task, yet, the ability to write such a plan is critical to the development..

  Prior to the end of an audit, the cfo of your client resigns

Prior to the end of an audit, the CFO of your client resigns.

  A firm has a retention ratio of 40 percent and a

a firm has a retention ratio of 40 percent and a sustainable growth rate of 7.60 percent. the capital intensity ratio

  Mazeltov corporation issued 100000 of 5-year 11 stated rate

mazeltov corporation issued 100000 of 5-year 11 stated rate bonds on january 1 2004 the bonds pay interest annually and

  Prepare a cash budget for the next two months based on the

prepare a cash budget for the next two months based on the following information showing total cash receipts total cash

  Why is data security important now more than ever

Why is data security important now more than ever? What are some of the steps that we can take to ensure that our database is protected and secure? How can you use user views to enhance security and restrict access?

  Armstrong corporation manufactures bicycle parts the

armstrong corporation manufactures bicycle parts. the company currently has a 20400 inventory of parts that have become

  What are these accrual deferral or neither recorded expense

what are these accrual deferral or neither.1 incurred other operating expenses on account2 paid a cash dividend to the

  What type of plan should gabor consider

Gabor Family Enterprises, a closely-held family corporation, would like to offer a stock option plan as an incentive to its employees but it does not want its stock owned by anyone who is not a member of the Gabor family. What type of plan should ..

  What cost information would be relevant to a decision to

boswell plumbing products produces a variety of valves connectors and fixtures used in commercial and residential

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