Prepare a memo explaining the process

Assignment Help Financial Accounting

Reference no: EM1374749

You have been put in charge of accounts receivable confirmation process. You have been asked to prepare a memo explaining the process and address concerns using citations from authoritative auditing literature. Your client is a public company; thus, your guidance will come from the PCAOB. You have been asked to address how the testing of controls in revenue and cash receipts areas impacted the confirmation process. You should address timing of sending confirmations and reliability of confirmations. Address the issue of using internal auditors in future. Address what happens if there is no response to your confirmation. Address if you will accept electronic replies. This process could be described in a well written memo to auditor partner not to exceed two pages. Grade is based on communication skills and correctness.

Reference no: EM1374749

Questions Cloud

Illustrates what kind of engineering saving is regal achieve : Illustrates what kind of engineering saving is regal achieving by using CAD technology rather than traditional drafting techniques.

Create a master budget for the three-month period : Create a master budget for the three-month period ending June 30. Include the subsequent detailed budgets sales budget, by month and in total

Is there an operation that you commonly deal with : Is there an operation that you commonly deal with that may benefit from Poka-Yoke philosophy. Can you classify any non-value added waste in certain operations.

Erp implementations typically bring together staff : ERP implementations typically bring together staff from a variety of places, both internal as well as external to the business

Prepare a memo explaining the process : You have been asked to prepare a memo explaining the process and address concerns using citations from authoritative auditing literature.

Erp implementation willingness is a key success factor : ERP implementation willingness is a key success factor to going live. Research two businesses that have executed an ERP system that have used a readiness process

Illustrate what is probability that demand will be greater : Illustrate what is probability that demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss.

Financial statement analysis : Financial statement analysis - Is application of analytical tools to general-purpose financial statements and associated data for making business decisions.

Would the subsidiaries still be competitive : Would the subsidiaries still be competitive as well as adaptive in local markets if forced to coordinate with other subsidiaries around the world?

User Account

All Pages