Explain why some tests are not suitable

Assignment Help Accounting Basics

Reference no: EM132683985

Describes five types of audit tests of financial statements:

Risk Assessment Procedures
Test of Controls
Substantive Tests of Transactions
Analytical Procedures
Tests of Details of Balances.

Question 1: Identify which tests are best suited for Dick's Sporting Goods and why.

Question 2: Explain why some tests are not suitable.

Reference no: EM132683985

Questions Cloud

What is the net cash flow from operating activities : What is the net cash flow from operating activities that would be shown in its cash flow statement? For the year ended December 31, 2020, Combate Company report

What is the net cash provided from financing activities : What is the net cash provided (used) from financing activities? Cash receipts from repayment of loan made to another company 660,000

What is the net cash provided from investing activities : What is the net cash provided (used) from investing activities? Cash receipts from repayment of loan made to other company 1,200,000

What kind of leadership style would use : Why do you think you can create a successful start-up business? What traits will you need to be an entrepreneur? What kind of leadership style would you use

Explain why some tests are not suitable : Identify which tests are best suited for Dick's Sporting Goods and why. Explain why some tests are not suitable. Describes five types of audit tests

Evaluating an investment in the company : The last dividend paid to shareholders by Sigma Limited was $0.4 per share. Assume that the board of directors of the company plans to maintain

Explain the reason in a finance analyst perspectives : Can you compare the performance of Bank Central Asia (BCA) with Unilever (UNVR)? Explain the reason in a finance analyst perspectives

What is the cost of each item being sold at elijah baby : Elijah currently has six strollers, Using the weighted average cost method, what is the cost of each item being sold at Elijah's baby supply store?

What is the the rationale for regulating depository : Governments in many countries are moving toward including informal-sector enterprises in their national agendas. The sectors that must review their policies inc

User Account

All Pages