User Account

All Pages

Identify five factor that would influence your determination

Assignment Help Auditing
Reference no: EM131767578

Assignment: Audit, Assurance and Compliance

Case Study on Double Ink Printers Ltd (DIPL)

Required:

Question 1:

As part of your planning process, you are considering whether you will need to use the services of an expert in the audit of Double Ink Printers Ltd (DIPL).

Based on the background information contained in the case, explain whether it will be necessary to use the work of an expert in the audit of DIPL.

Question 2:

You are at the planning stage of the audit of Double Ink Printers Ltd (DIPL) for the year ended 30 June 2017 and have been asked by the audit manager to assists determine the materiality levels.

(a) Referring to the background information contained in the case, identify five factors that would influence your determination of the preliminary figure for overall materiality for the 2017 audit of DIPL.

(b) Explain why the factors identified in (a) above are relevant to your calculation of the preliminary figure for overall materiality.

(c) Describe how the factors identified in (a) above will influence your preliminary figure for overall materiality in the audit planning process.

Reference no: EM131767578

Questions Cloud

Explain why you think this is or is not unethical behavior : Malissa is an accountant. Sometimes printouts of financial statements have errors and are not usable. Explain why you think this is or is not unethical behavior
Major difference between malcolm baldrige award : What is one major difference between Malcolm Baldrige Award and ISO 9000 series of standard?
What amount should they report as net cash : In its Dec. 31, 2009 statement of cash flows, what amount should they report as net cash from financing activities
How could you increase the number of novel : How could you increase the number of novel and useful solutions you come up with to solve this problem?
Identify five factor that would influence your determination : Identify five factors that would influence your determination of the preliminary figure for overall materiality for the 2017 audit of DIPL.
Chief elements of apple overall competitive strategy : What are the chief elements of Apple’s overall competitive strategy? How well do the pieces fit together? Is the strategy evolving?
What would be mistys income before extraordinary item : Misty's effective tax rate is 40%, and there were 1,000 shares of common stock outstanding
Prepare a trial balance : The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. Prepare a trial balance. The total of the debits is
What would be the profit per pound transacted : Show how British arbitrageurs can make profits given that the Swiss franc is worth two French francs. What would be the profit per pound transacted

Reviews

Write a Review

Auditing Questions & Answers

  What material weaknesses are specific to trinity

Assess, through reflection on the case study as well as the comparable industries identified in the overview, what material weaknesses are specific to Trinity.

  Summarize the pcaobs concerns with respect to problems

Summarize the PCAOB's concerns with respect to problems its inspection teams have noted in auditors' performance in each of the areas listed.

  Explain the importance of evidence in auditing

What is a Peer Review and how and when are they performed? Discuss the importance of "Evidence" in auditing. In your own words, define "Auditing."

  Investigation revealed that the customer''s order

In an annual audit at December 31, 2013, you find the following transactions near the closing date:

  Why the risks you see involved with only taking a sample

Based on the article and the readings in your text discuss why the risks you see involved with only taking a sample of the information.

  Prepare vertical and horizontal analysis on income statement

Prepare a vertical and horizontal analysis on the income statement for ABC Healthcare - Prepare a ratio analysis to support your answer above.

  That old equipment for producing subassemblies is worn out

that old equipment for producing subassemblies is worn out said paul taylor president of timkin company. we want to

  Describe the four phases of an audit

Describe the four phases of an audit and discuss the key factors that would help you determine how to plan the audit for this company.

  Identify the transaction-related audit objectives

Question - Audit Accountant, For each mis-statements, identify the transaction-related audit objectives that have not been met

  Question currently moodys investors services issued a

question currently moodys investors services issued a special comment explain best practices for the role of audit

  Engagements related to webtrust and systrust assurance

Ware Hospital Systems, Inc. is in the process of developing a new patient records system. Management has approached a licensed SysTrust accountant to perform a SysTrust engagement on its new system.

  Factors that will influence the auditors judgement

Factors that will influence the auditors judgement regarding the sufficiency of the evidence obtained

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd