Find what will include in audit plan

Reference no: EM132727260

Question 1: You are the new auditor for the SEC 10 company HOME DEPOT. Another auditor performed the audit last year.

Question 2: As the new auditor, you are to develop a comprehensive audit plan. The auditing standards describe the components of what is to be included in an audit plan.

Question 3: You are to describe accounting and auditing issues in the audit that you will face as the new auditor.

Question 4: You are to identify the risks that the company faces as well and how these risks will affect the audit and how you will mitigate the risks. For example, if you select a company that has overseas manufacturing plants which produce inventory-what approach will you take to observe the inventory that is in the U.S. and overseas? What will you include in your audit plan? What are the risks related to inventory and the year end inventory value reflected on the balance sheet?

Reference no: EM132727260

Questions Cloud

Find what is the balance in retained earnings at december : Find what is the balance in Retained Earnings at December 31, 2017? During 2017, its first year of operations, Jane's Bakery had revenues of $130,000

Find which partner gets the first cash distribution : In the cash distribution plan which partner gets the first cash distribution? The partner with the largest profit and loss ratio./ The partner with the largest

What accounts are affected by the transactions : Purchased a quantity of herbicide supplies for $1060 cash. What accounts are affected by these transactions? How much is debited and credited?

What percentage of total costs is non-value-added : A one-month summary of manufacturing costs for Grouper Company follows. What percentage of total costs is non-value-added

Find what will include in audit plan : Find What will you include in your audit plan? What are the risks related to inventory and the year end inventory value reflected on the balance sheet?

How new emr system can be used to enhance services : Discuss how this new EMR system can be used to enhance services provided by the community health center. How can meaningful use of the EMR data be used to.

Evaluate amount of net income allocated to each partner : Norr and Caylor worked 800 and 1,200 billable hours respectively. Determine the amount of net income allocated to each partner for 2020.

Determine Cove break-even point in units and sales dollars : Cove's Cakes is a local bakery. Price and cost information follows: Price per cake $14.71. Determine Cove break-even point in units and sales dollars

What are the necessary consolidation entries for a january : Kuehler's assets and liabilities had book values equal, What are the necessary consolidation entries for a January 2, 2020 balance sheet.

User Account

All Pages