User Account

All Pages

Discuss difference between substantive test of transactions

Assignment Help Accounting Basics
Reference no: EM131752051

Testing Methods" Please respond to the following:

According to the text, to minimize the risk of material misstatement, auditors seek third- party verification of account balances by mailing customers their statements. Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer response rates. Support your position.

Discuss the difference between substantive test of transactions and substantive test of balances, and identify at least two (2) situations when an auditor should test account balances. Support your rationale with related examples of such circumstances.

Reference no: EM131752051

Questions Cloud

Proper policy structure or disaster recovery plan : Provide at least one example of a preventable issue that could take place without a proper policy structure or disaster recovery plan.
What is the role and responsibilities of the pio : What is the role and responsibilities of the PIO? What do Twitter, Facebook, and other social media sites mean these days to the PIO?
Compute amount of an error indicating recording of a check : In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check.
Material from the academic literature : Describe five (5) principles of good website design that you applied in the design. Support your answers with material from the academic literature.
Discuss difference between substantive test of transactions : Discuss the difference between substantive test of transactions and substantive test of balances, and identify at least two
Briefly describe earned value management : What is it's purpose and what are some of the ways in which it can be used when progressing through a project. Reference in APA
Identify two or more possible solutions to the problem : Identify two or more possible solutions to the problem and discuss the advantages and disadvantages of each possible solution.
Identify all data differences between the two gantt charts : TECH 3440 Homework. Include a printout of the Excel Gantt chart homework and identify ALL data differences between the two Gantt charts
Discuss company should eliminate gloves and mittens line : Prepare an analysis showing whether the company should eliminate the gloves and mittens line

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