Reference no: EM132789396
After performing an audit, the auditor determines that
1. The financial statements of a corporation are presented fairly.
2. A company's receiving department is inefficient.
3. A company's tax return does not conform with IRS regulations.
4. A government supply depot is not meeting planned program objectives.
5. The financial statements of a physician are properly prepared on a cash basis.
6. A foreman is not carrying out his assigned responsibilities.
7. The IRS is in violation of an established government employment practice.
8. A company is meeting the terms of a government contract.
9. A municipality's financial statements correctly show actual cash receipts and disbursements.
10. The postal service in midtown is inefficient.
Instructions:
Problem 1: Identify the type of Audit, Auditor and the primary recipient(s) of the audit report? Use the following format for your answers
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What would be the journal entries to record the amortization
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What is the npv of the new product line
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Describe the effects of a permanent decrease in money supply
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Identify the primary recipient of the audit report
: Identify the type of Audit, Auditor and the primary recipient(s) of the audit report? The financial statements of a corporation are presented fairly.
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Subject of regulation and deregulation
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Provide journal entries under gross method and net method
: Provide journal entries under Gross Method and Net Method using the customers pay beyond the discount period and customers pay within the discount period
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Calculate net income in year
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Which items are included in the substantiation requirement
: Which 3 items are included in the substantiation requirements? Vehicle type, date placed in service, and total mileage (including business, commuting)
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