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!
You are the auditor for a company and need to review the company's accounts receivable using probability proportional to size (PPS) sampling. In addition, the board of directors has requested that you and your team present an explanation of your PPS process at its next monthly meeting.
Individual Portion:
Use the following company data and the PPS Sampling Tables 1 & 2:
• The recorded book value of these accounts is $3,460,000.• The company has a tolerable error of $63,460.• The anticipated error is $13,000.• The risk of incorrect acceptance is 5%.• The acceptable number of overstatements of misstatements is 2.
Use probability proportional to size (PPS) sampling to do the following:
A. Determine the reliability factor.B. Determine the correct expansion factor.C. Determine the sample size you should use.D. Determine the sampling interval you should use.
Create your own design audit model that you may use to determine the extent to which your organization participates in design-principled practices. Write a analysis based on your audit findings, which include recommendations for improvement.
Your company's accounts payable clerk is asked to fill in for your accounts receivable clerk. Many things look unfamiliar to her, and she needs some explanations. You start by saying, "Accounts receivable is claims from monies due to the company."..
The managing director has returned from the USA, where he signed a contract to import a line of (vi) clothing that has become the latest fashion fad in the USA. The company has not previously been engaged in the clothing industry.
Why should an external auditor, whose primary responsibility is to express an opinion concerning the representations in financial statements, suggest improvements to the information system?
Describe three internal controls that should exist over sales or royalty transactions or over the database tables and describe four computer assisted audit tests (CAATs) that you could run using generalized audit software in order to audit royalty ..
Has Rodney breached any auditing standards/regulations and if so, what and why?
In brief describe the responsibilities each of the following groups of people has regarding internal control: Management, the board of directors, internal auditors, others in the organization.
please make a statement of revenues expenses and changes in net assets for the year ended 31st december 2012 assuming
Conduct a full situational audit of the Shangri-la hotel in Singapore and prepare a strategic plan for the next three years.
What has been the impact on company management and auditors in implementing the provisions of the Sarbanes-Oxley Act of 2002? Discuss how effective you think this Act is in preventing fraud and accounting oversights.
Which of the following conditions is necessary for a practioner to accept an attest engagemetn to examine and report on a nonissuer's internal control over financial reporting?
Match the case with the ruling: Cases: Rulings: Caparo Industries Pty Ltd v. Dickman Duty of Care owed to third parties in the absence of a contract where the plaintiff has suffered physical injury Kingston Cotton Mill Co.
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