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Question 1) Explain in your own understanding, what is the "assurance service"? What exactly are the daily tasks of an auditor during an audit engagement?
Question 2) Explain the relationship among the three parties within an audit engagement: the auditor, the client and the public. What makes it difficult to balance the rights, benefit and responsibilities among these three parties?
Question 3) Why is adequate planning so important in an audit? What are some of the considerations for auditors in choosing whether to audit a client?
Question 4) What are the 8 audit evidence gathering methods? Roughly estimate the order of highest to lowest costs in-term of conducting these procedures. Explain your reasonings
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: - Explain the goals and uses of special journals.
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.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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