Explain why some tests are not suitable

Assignment Help Accounting Basics
Reference no: EM131241480

Audit Tests

Describes five types of audit tests of financial statements:

1. Risk Assessment Procedures
2. Test of Controls
3. Substantive Tests of Transactions
4. Analytical Procedures
5. Tests of Details of Balances.

In 350- to 700-words:

Identify which tests are best suited for the company you selected and why.

Explain why some tests are not suitable.

Reference no: EM131241480

Questions Cloud

Find the user''s password or explain why this is not possible : Show that the shift, substitution, and Vigenre ciphers are all trivial to break using a chosen-plaintext attack. How much chosen plaintext is needed to recover the key for each of the ciphers?
Net profit is equal to total revenue minus total cost : A company makes a product and it is interested in how many units per year (Q) it should produce. Its production cost is $10 per unit. The marketing department has determined that the selling price per unit would be equal to $110 minus $0.10 per unit ..
How are these tasks completed in your workplace : What selection criteria does your workplace use to evaluate suppliers? How do these criteria relate to project success criteria? If this evaluation leads to a tie between suppliers, how would you resolve the situation?
Resultant displacement from brookings : Starting at Brookings, a Physics student travels 30 km at 15degrees west of north and then 50km at 50 degrees north of east. Find the resultant displacement from Brookings (magnitude and direction)
Explain why some tests are not suitable : In 350- to 700-words: Identify which tests are best suited for the company you selected and why. Explain why some tests are not suitable.
Types of financial transactions : When trade does occur across national boundaries there are many types of financial transactions that take place. These transactions are recorded in a summary called the balance of payments which generally consists of a current account and a capital a..
Identify the hypothesis : Choose a journal paper presenting new technical results. Based on the content of the introduction-you should not read the rest of the paper-do the following tasks. Identify the hypothesis
Find out how fast water leaves an opening : Use Bernoulli's Equation to find out how fast water leaves an opening in a water tank. The water level is 0.75 m above the opening. The top of the water tank is opened to the atmosphere.
What are dividend targets that different us corporation seem : What are the dividend targets that different U.S. corporations seem to try to peg? - How do managers view dividends and share repurchases differently? Which do they seem to prefer?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd