Explain auditor responsibility in relation to subseque event

Assignment Help Financial Accounting
Reference no: EM132918462

Problem (a) Compare and contrast the responsibilities of management, and of auditors, in relation to the assessment of going concern. You should include a description of the procedures used in this assessment where relevant.

Problem (B) Guidance on subsequent events is given in ISA 560 Subsequent events. Explain the auditor's responsibility in relation to subsequent events.

Problem (C) Explain the difference between an audit of historical financial statements and a limited assurance review.

Reference no: EM132918462

Questions Cloud

Calculate the sharp ratio : Ms Alice initially plan to make investment $25,000 in a portfolio, Calculate the Sharp ratio, Treynor ratio and Jensen's alpha for her portfolio.
Is the stock overpriced or underpriced : Should you purchase the shares? Is the stock overpriced or underpriced? State the profit or loss from the transaction you have recommended.
Expected return for the portfolio : The risk-free rate of return is 4.2% and the market risk premium is 12.6%. What is the expected return for the following portfolio? Stock Betas Investment
What is the current value of this stock : After that, the plan is to increase the dividend by 3.5 percent annually. What is the current value of this stock if applicable discount rate is 13.5 percent
Explain auditor responsibility in relation to subseque event : Guidance on subsequent events is given in ISA 560 Subsequent events. Explain the auditor's responsibility in relation to subsequent events.
What venco ordinary shareholders received : What Venco's ordinary shareholders received? Venco declared and paid a $45,000 cash dividend on December 15, 2020. If the company's dividends in arrears prior.
What specific codification references support conclusion : In the past, these transfers have been recorded as sales. What specific Codification references support conclusion
What effect does have on audit opinion : Is it appropriate to add the additional debtors that the CFO requested to the list? what effect does this have on your audit opinion?
What will the july inventory be : Jeremy Inc's leather Inventory policy is 30% of next month's production needs. If the leather policy is met, what will the July 1 inventory be

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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