Find main emphasis should be on which management assertion

Assignment Help Accounting Basics
Reference no: EM132737573

Problem 1: A customer replies to a positive confirmation as follows: " We dispute the $250 charge from your client as the goods were never received" As the auditor, what would you do next.

Problem 2: In the audit of cash and accounts receivable, the main emphasis should be on which management assertion? Why?

Reference no: EM132737573

Questions Cloud

What is your response to the daughter in the scenario : What is your response to the daughter in the scenario? Write your response as if you were speaking to the daughter directly. Next, explain the reasoning behind.
Will report the financial position and results of operations : A reporting entity, such as a city, will report the financial position and results of operations of a component unit? In the notes to the financial statements.
What is the semi-annual cash payment amount for bond issue : Texxon Corporation issued $200,000 of 10-year bonds with a payment rate of 6%; What is the semi-annual cash payment amount for this bond issue
What innovations or invention : What innovations or invention (technology) had the biggest impact on civilization within the past 100 years, and why?
Find main emphasis should be on which management assertion : A customer replies to a positive confirmation, In the audit of cash and accounts receivable, the main emphasis should be on which management assertion? Why?
Compute the life of the bond : The bond premium or discount is being amortized at a rate of $10,000 every six months. Compute the life of the bond
How is aged accounts receivable statement used by auditor : An auditee - prepared, aged accounts receivable as of the balance sheet date. How is the aged accounts receivable statement used by the auditor?
Describe the two forms of accounts receivable confirmation : Identify and describe the two forms of accounts receivable confirmation requests. List one factor to consider when deciding which form of confirmation to use.
Prepare journal entry or entries to record pension expense : Prepare the journal entry or entries to record pension expense and the employer's contribution to the pension trustee in 2020

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