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1. Discuss with your new accountant your opinion on the merits of GASB Statement No. 56. Is it really worthwhile for the government to implement this new Statement? Why/why not?
2. Reflecting on the focus and content of this course, what is an important challenge facing the accounting department of organizations today, and how would you go about addressing it? Explain.
on 112012 company abc gets 35000 shares of company xyz at a cash price of 10 per share. company xyz has 80000 shares
Describe and explain the nature and scope of forensic auditing and how it differs fromthe normal statutory audit of companies and the sufficiency of the Firm's emphasis on the critical need to exercise due care and professional skepticism when perfo..
The audit documentation represents the auditor's accumulation of evidence and conclusions reached on an audit engagement. Prior-year audit documentation can provide insight into an audit engagement that will be useful in planning the current year ..
What is the purpose of a bank reconciliation? When speaking to an account manager and she/he told you they don't have time to reconcile the bank account every month, how would that need to be encouraged to be done?
part aaccounting scandals in australia since the late 1980sgarry d. carnegie professor of accounting school of business
Mesa Electronics, located in Phoenix, is attempting to determine if it should set up a lockbox collection system for its Northeastern customers. Currently the firm receives an average of 350 payments per working day (assume 250 working days per ye..
objectives understanding planning stage of the audit process review of client business and perform audit risk
1.assume you are consulting for a media conglomerate that is perplexed by the parting fates of blockbuster and
What type of concessions might a creditor grant the debtor in a troubled debt situation? What is meant by "impairment" of a loan? Under what circumstances should a creditor or debtor recognize an impaired loan?
the subsequent amortization and interest schedule reflects issuance of 10-year bonds by capulet corporation on 1st
questionwhile out at a consulting engagement one of your graduate staff members comes to you with the following
To test this control, identify the population from which you should select a sample to test this control and for a given sample unit in this population, what would be an "error"?
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