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Question -
A. SUBSEQUENT EVENTS
1. What are the types of subsequent events. Cite at least 5 examples for each type.
2. Who are the responsible parties and their roles/actions that should be taken for a subsequent events.
3. Although generally the auditor does not have the responsibility to perform audit procedures after the auditor's report, kindly cite audit procedures that the auditor shall undertake to identify subsequent events. Cite at least seven (7).
B. WRITTEN REPRESENTATIONS
1. Define written representation.
2. What are the objectives of the auditor in requesting written representations.
3. What shall be the contents of a written representations as well as the basic elements thereof.
What additional or meaningful response do you have on student's paragraph below about characteristics of person likely to perpetrate a large fraud
What amount should be reported as a current liability at December 31, 2010?
Charlene Weaver likes to speculate with preferred stock by trading on movements in market interest rates.
Please prepare the journal entries in relation to the lease in the books of ABC Ltd for the year beginning 1 October 2019 to ending 30 September 2020
July 2 Received $2800 from accounts receivable. Record Journal entries for the business transactions for the month ended 31 July 2019
How does management use the cash budget to motivate employees? How does management use the cash budget to control the operations
The company's management estimates that uncollectable accounts will be $15,000. What will be the amount of bad debts expense reported
The present value of a $1,200,000 note payable in three equal annual installments of $400,000 at a 10% rate of interest is $994,800. What is the amount of interest income that should be recognized by Jacobs in 2010, using the effective-interest me..
Listed below are the accounts of Boss Tweed Company. All the accounts have their normal debit and credit balances. Record the closing entries in general.
Imagine the producers of this video ask you to appear in the video to offer two additional considerations in capital budgeting decisions. One consideration.
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What are the things that I should consider in taxing the capital Gains and Losses
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