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Problem 1: The latest advances in technology promise significant benefits for the audit profession, with a number of key drivers signaling the need for technological change in audit. Such drivers include the rapid increase in volume of data, changes in business models, the shift towards automation and the demand for a proactive and forward-looking approach to audit. These developments require auditors to be technologically sound to enable them to continue servicing businesses and to execute high quality audits. In a group of four, do research on the emerging technologies in auditing profession and identify how it would benefit the profession. You should also discuss the challenges faced and provide recommendations on how to overcome these challenges. You must support your views/arguments with research findings and evidence from real world cases and standards.
java source inc. jsi is a processor and distributor of a variety of blends of coffee. the company buys coffee beans
Reither Co. has January 1, 2004, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2004. Prepare a statement of stockholders' equity.
Prepare a balance sheet and an income statement for the real estate business. Does the business appear profitable? Does the balance sheet raise any questions or concerns? What other information might the doctors want to consider in making this inv..
Previn Brothers Inc. purchased land at a price of $29,210. Closing costs were $3,290. An old building was removed at a cost of $15,220. What amount should be recorded as the cost of the land?
Read about one of the company's recent (or upcoming) film releases. Then discuss why or why not job-order costing would be an appropriate costing method for feature film production.
What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? Round your answer to the nearest hundredth percent.
Effectiveness of the two companies in using their assets to generate sales. What factors complicate your ability to compare the two companies?
Given this scenario, and assuming that total sales remain the same, calculate the degree of operating leverage. Using the calculated degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in s..
What was the cash flow from operating activities and what was the firm's net income
Betty DeRose, Inc. uses job order costing. Manufacturing overhead is applied to jobs using a PDR of 140% of direct labor cost
Smoky Mountain Corporation, Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system
What were the most compelling topics learned in this course and how did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
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