Problem on extent of tests nature of procedures

Assignment Help Accounting Basics
Reference no: EM131752705

Question: If the auditor's assessment of the materiality of the account balance is high, what would be the respective effect on the extent of substantive testing and the nature of procedures performed?

Extent of Tests Nature of Procedures. Select one:

a. More Less rigorous

b. Less More rigorous

c. Less Less rigorous.

d. More More rigorous

Reference no: EM131752705

Questions Cloud

Identify types of budget variances : Identify the following types of budget variances by indicating if they are temporary/ permanent and favorable/unfavorable.
What is the current ratio for the hotel : Current liabilities are $1,694,000 and total liabilities are $2,655,000. What is the current ratio for the hotel
Write down why you are making a healthy lifestyle change : Write down the names of people you can ask to support the changes you are making.Write down why you are making a healthy lifestyle change.
Appropriate rate for the economic environment : Explain why you think that would be the case, and whether you think that would be the appropriate rate for the economic environment of that time.
Problem on extent of tests nature of procedures : If the auditor's assessment of the materiality of the account balance is high, what would be the respective effect on the extent of substantive testing.
Profitability ratio that some of you : It is another Profitability Ratio that some of you may have come across during your week 1 research.
What are the advantages in holding a jpps session : What are the advantages in holding a JPPS session during the estimating phase of a project?
Discuss consulting fees fox fixtures received in advance : Prepare the required adjusting entries at November, Enter the transaction letter as the description when entering the transactions in the journal
Evolution of business-to-consumer markets : Elaborate how technology changes have assisted in the evolution of business-to-consumer markets (B2C) to business-to-business markets (B2B).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Plant and equipment to be depreciated are composed of the

plant and equipment to be depreciated are composed of the following building cost 306000 25 years salvage value

  Explain your rationale for the pricing approach

What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design. Explain your rationale for the pricing approach. Show expectations of growth and potential profit.

  Annual and interim reporting procedures

The accounting principles and procedures that underlie an entity's external reports sometimes are modified for interim reporting purposes. Differences between the annual and interim reporting procedures are most likely to arise in the:

  Mean shopping time at local super-market

The mean shopping time for the sample of 50 shoppers is 25.36 minutes with a standard deviation of 7.24 minutes. Using the 0.10 level of significance, is there evidence that the mean shopping time at the local supermarket is different from the cla..

  Journalize the following transactions using the direct

journalize the following transactions using the direct write-off method of accounting for uncollectible receivablesfeb

  Describe the basic rule for recognizing expenses

Describe the basic rule for recognizing expenses and liabilities for medical malpractice claims.

  The financial statements for a company included the

the financial statements for a company included the following information common stock 1750000 retained earnings 950000

  Calculate the total dividends declared on may 2004

BUSINESS ADMINISTRATION, MANAGEMNT& COMMERCIAL SCIENCES ACCOUNTING 512 ASSIGNMENT - Calculate the total tax expense that would appear in the statement of comprehensive income of Stress Management Limited for the end 30 November 2004. Show all worki..

  Comparative balance sheets for 2013 and 2012 a statement of

comparative balance sheets for 2013 and 2012 a statement of income for 2013 and additional information from the

  Prepare an income statement and capital statement

A sole proprietorship was started on January 1, 2013, when it received $40,000 cash from Jimmy Ross, the owner.

  Walla company has common and preferred stock outstanding as

walla company has common and preferred stock outstanding as follows nbspnbspnbspnbspnbspnbsp common stock100000

  Record the first month transactions before printing

Record the first month's transactions before printing and submitting the following reports for December 2016 (either print to screen or print and scan as an electronic file). Marks will be awarded for the correctness of information as well as the ..

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!

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