Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1.
(a) What is internal audits role in the organization's ethics and compliance program?
(b) What is the board's role in the organization's ethics and compliance program?
2.
AFR Company's internal audit function recently completed an audit of the Company's various employee benefit plans. The internal auditors' working papers contain the following audit observation:
Savings Plan Contributions Made to Ineligible Employees' Accounts
AFR Company has an employee savings plan that provides a matching contribution to participating employees' savings accounts. When an employee stops participating in the plan, the Company suspends matching contributions. During the internal audit function's examination of the plan, we found that the Company was still making contributions to the accounts of a number of employees who had ceased to participate. No one in the human resources department or in payroll has the specific responsibility of updating the contribution matching database when an employee leaves the Company or drops out of the program or for periodically checking to see that appropriate levels of matching contributions have been made. More than $85,000 had been contributed to such accounts. Management now is trying to recover erroneous company contributions.
A. Define inherent risk and residual risk.
B. Which of the two types of risk would have a greater impact on the annual internal audit plan?
The Mesa Bank is offering your company the use of their lockbox services. They estimate that you can reduce your average mail time by 2 days and they can save you a combined clearing and processing time of 1.5 days by putting the checks into the c..
Determine the taxable year of the LLC under the Code and Regulations and two years after formation of the LLC, Barney sells half of his interest (25%) to Aldrin, Inc. Can the LLC retain the taxable year determined in part (a)? Why or why not?
Explain the economic benefits provided by a financial statement audit. Explain the inherent limitations that might prevent auditors from finding every potential material misstatement in financial statements.
What are the implications of having the same person performing accounts payable and accounts receivable functions?
answer the subsequent questions regarding the federal governments financial statementsa. who issues the audit
A credit memo in the bank statement shows a bank collection of a note for $1,300 with interest received of $16. This item was dated 18th May.
on 112012 company abc gets 35000 shares of company xyz at a cash price of 10 per share. company xyz has 80000 shares
Explain the objective of using probability proportional to size sampling to test account balances and explain specifically how you used PPS to test this company's account balances.
What was the value of stock when it was purchased and when it was sold and given the uncertainty surrounding the collectability of the note, did an exchange occur? How do we account for the different scenarios, exchange or no exchange?
What are the circumstances that could prevent the external auditors from providing an unqualified report? What steps can be taken by CSSC to address any concerns?
please make a statement of revenues expenses and changes in net assets for the year ended 31st december 2012 assuming
A statistical conclusion, and the audit decision you could make based on the quantitative sample results.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd