Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question:You are the senior auditor of Bold and the Beautiful Ltd (B&B) for the year ended 30 June 2022. B&B is a large pharmaceutical manufacturer and distributor located in NSW. One of your auditors, Charles, is keen to evaluate b&B strengths and weaknesses for some of the clients procedures. For the following independent situation;
The accounts receivable clerk receives all the cheques from the junior clerk, logs the cheque, prepares the bank deposit slip, takes it to the bank and electronically posts the details of the cheques against the invoice in the accounts receivable subsidiary ledger. The accounts receivable clerk prepares a monthly bank reconciliation and a monthly report of overdue accounts.
Question 1. identify if it is a strength or a weakness of the control systems?
Question 2. Give reason why it is a strength or weakness
Question 3. If its a weakness, suggest improving the controls to overcome it, or if it is a strength, what is the benefit of the strength?
Review the Standard costs: wake up and smell the coffee. article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely..
Break-even analysis - Determine the number of new customer accounts needed to break even on the cost of the promotional campaign
reflect upon what you have learned during this course and discuss in detail the benefits of using these software
Mostafa, a former disc golf star, operates Mostafa's Discorama. Journalize the April transactions using periodic inventory system
What is a contingent liability? How is one reflected in the financial statements and the footnotes? How is this accounting treatment consistent with the concept of a liability?
How the error found by Carrie should be extrapolated to the population of? Carrie found an error in the sample she tested from the population of accounts
Refer to Coke's Statement of Cash Flows. What amount of depreciation and amortization did Coke record in 2008? Enter amounts in full, not in millions.
Ethics is an overarching human concern which covers all areas of human life. Why would a CPA prefer to be seen, and perceived, as ethical
A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 11%. What is the project's IRR
Compute the departmental overhead rates using machine hours as the cost driver.
How does the risk of material misstatement fit into the audit risk model and impact audit planning? The risk of material misstatement is the overall risk
Find the quarterly payments needed to accumulate funds to pay the first year's tuition if funds earn 8% compounded quarterly
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd