Formulate evidence-gathering procedures audit program

Reference no: EM13598367

To be proficient as an auditor, a person must first be able to accomplish which of these tasks in a decision-making process:

A. Identify audit evidence relevant to the verification of assertions management makes in its unaudited financial statements and notes

B. Formulate evidence-gathering procedures (audit program) designed to obtain sufficient, competent evidence about assertions management makes in financial statements and notes

C. Recognize the financial assertions made in management's financial statements and footnotes

D. Evaluate the evidence produced by the performance of procedures and decide whether management's assertions conform to generally accepted accounting principles and reality.

Reference no: EM13598367

Questions Cloud

Vail valley valentine has contacted truckee toys with an : vail valley valentine has contacted truckee toys with an offer to sell 5000 of the wickets for 18.00 each. if truckee

If cost minimization is the major consideration and the : ruth company produces 1000 units of a necessary component with the following costs direct

Assume at the end of the year management believed the : goodwill of 200000 was recorded as a result of an acquisition of a company in a previous year.a. assume at the end of

If 16000 units of materials enter production during the : if 16000 units of materials enter production during the first year of operations 12000 of the units are finished and

Formulate evidence-gathering procedures audit program : to be proficient as an auditor a person must first be able to accomplish which of these tasks in a decision-making

Werth company asks you to review its december 31 2010 : werth company asks you to review its december 31 2010 inventory values and prepare the necessary adjustments to the

A motel has a fixed annual cost of 641000 applicable to its : a motel has a fixed annual cost of 641000 applicable to its rooms. the hotel has 208 rooms. the room rate is 90 per

Suppose the breakfast club inc offers to pay 800 per month : suppose you own a resturant that serves only dinners. you are trying to decide whetger or not or rent out your dinning

For the past several years emily page has operated a : for the past several years emily page has operated a part-time consulting business from her home. as of june 1 2010

User Account

All Pages