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Problem 1: An auditor concludes that there is a material inconsistency in the Director's report within an annual report to shareholders containing the audited financial report. If the auditor concludes that the financial report does not require revision, but the client refuses to revise or eliminate the material inconsistency, the auditor may:
Select one:
a. Issue a qualified opinion after discussing the material inconsistency with the client's board of directors.b. Consider the matter closed since the Director's report information is not in the audited financial report.c. Disclaim an opinion on the financial statements after explaining the material inconsistency in a separate explanatory paragraph.d. Revise the auditor's report to include an 'Other Information' paragraph describing the material inconsistency.
a. three-fourths of the work related to 13000 cash recieved in advance is performed this period.b. wages of 8000 are
Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $2,400,000.
For September 9th Record the journal entry to establish the Petty Cash fund. For September 30th Record the reimbursement of the Petty Cash Fund.
Prepare schedule of expected cash collections from customer for the last quarter of 2017. 60% of the sales will be collected one month after sales.
Current liabilities are £35,000 and overall net assets are £120,000. What is the acid test ratio for Williams Ltd
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Determine how it hints at or suggests the concept of the American Dream.What is the process to build an annotated bibliography?
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Explain the purpose and content of each of these reports. Express your thoughts on other types of financial statement reports such as Qualified Opinions, Adverse Opinions, and Disclaimer of Opinions.
Prepare journal entries in Nambas books from 2017 to 2019 to account for the effects of foreign transactions as per IAS 21, the effects of changes
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