Relationship between detection risk and audit evidence

Assignment Help Accounting Basics
Reference no: EM133228491

1. What is the relationship between detection risk and audit evidence?

2. Why do .auditors need to distinguish FS assertions based on transactions, balances and presentation and disclosures?

3. How do I apply the principle of persuasiveness of evidence in my life as a BSA student?

Reference no: EM133228491

Questions Cloud

Code of ethics and the standards : Explain why the internal audit profession needs both a Code of Ethics and the Standards to govern the behavior and activities of internal auditors.
How can accountants ensure that an accounting application : How can accountants ensure that an accounting application is functioning as designed?
Distinguish fs assertions based on transactions : 1. What is the relationship between detection risk and audit evidence?
Main depreciation methods used by healthcare organizations : Discuss the main depreciation methods used by healthcare organizations and assess the critical assumptions about expensing depreciation that is up to the entity
Relationship between detection risk and audit evidence : 1. What is the relationship between detection risk and audit evidence?
Project valuation using net present value : Sanjo Equipment has recently bought a new equipment for its business with the sum of $750, 000. The manager expects that the business will use it for five years
Difference between the excess of revenues over expenses : Describe the difference between the Excess of Revenues over Expenses and the Increase in Net Assets without Donor Restrictions. Healthcare accounting
Prepare cash flow statements and operating statements : Why do healthcare organizations prepare cash flow statements and operating statements?
Calculated gross pay and calculated state minimum pay : Each of the following workers is piece-rate workers at Golden Boats in Connecticut. If the employees have a standard 40-hour workweek,

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find what total australian dollar cash flow for year-three

Year-three cashflow is year-three earnings and year-two investment proceeds. What is the total Australian dollar (A$) cash flow for year-three?

  What amount should be reported for cash

Prepare a bank reconciliation. If the balance sheet is prepared for Mathers Co. on July 31, what amount should be reported for cash

  What is the effect on the statement of financial position

If a business purchases a vehicle for $46,000, paying a deposit of $20,000, what is the effect on the statement of financial position

  What is Martinez journal entries

In 2020, Martinez sold inventory costing $70,000 to Paulson for $85,000. What is Martinez's journal entries for 2020 to apply the equity method

  How much will bjork inc report on income statement

Assume Bjork makes all interest payments when they are due. How much will Bjork, Inc. report on its 2016 income statement for interest expense?

  Weaver companys predetermined overhead rate is 1800 per

weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor wage rate is 16.00 per

  Prepare an income statement balance sheet and statement of

the folllowing information if available for two different types of business for the 2013 accounting period. blake

  Calculate the net present value of the investment assuming

courier express inc. is considering the purchase of an additional delivery vehicle for 48000 on january 1 2012. the

  What should inventory level be when a new order is placed

If the store insists on a 3 day(s) safety stock (assume 365-days a year), what should the inventory level be when a new order is placed

  Is there anything unethical in president turnbull actions

Address the following: Who are the stakeholders in this situation? Is there anything unethical in president Turnbull's actions

  Determine the return on stockholders equity

Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place

  T-account for short term investment

How will Waverly classify the investment? What will Waverly report on its 20X6 income statement? Show T-account for short term investment.

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