User Account

All Pages

Qualitative factors that affect the auditor judgment

Assignment Help Accounting Basics
Reference no: EM13517752

According to the text, auditors have to make judgments concerning materiality on every audit. Since the auditing standards give no formal guidance for how to determine materiality, auditors must rely on their own experience. Determine at least three (3) qualitative factors that affect the auditor's judgment. Provide a rationale for your response.

Reference no: EM13517752

Questions Cloud

Addmiston manufacturing company reported the following year : Addmiston Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,..
Explain the molecular weight of the unknown acid : What is the molecular weight of the unknown acid. The same acid in #1 is titrated; the pH of the solution after the addition of 22.10 ml of base is 5.02. What is the Ka for the acid
Find the minimum mass of water that must be used : Water at 20.7°C is sprayed onto 0.193 kg of molten gold at 1063°C (its melting point). What is the minimum mass of water that must be used
Compute the ph for the titration of hclo : Calculate the pH for each of the following cases in the titration of 50.0 mL of 0.140 M HClO (aq) with 0.140 KOH (aq)
Qualitative factors that affect the auditor judgment : Qualitative factors that affect the auditor judgment
Find the index of refraction of the unknown material : You send a beam of light from a material with index of refraction 1.21 into an unkown material. find the index of refraction of the unknown material
Explain how many grams of magnesium fluoride : How many grams of magnesium fluoride (MgF2) must be added to 67.3 g of water to prepare a 4.81% (m/m) solution of magnesium fluoride
How can the insurance industries use of reinsurance : Explain how the declining problem of premature death - while great for you - can be a serious problem for a life insurer.
What volume is occupied by this amount of water : Consider 5.00 mol of liquid water. What volume is occupied by this amount of water? The molar mass of water is 18.0 g/mol

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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