Reference no: EM131442929
Assignemnt Problems
Reminder - I do not allow direct quotes in student's work in this class. You need to paraphrase and cite your outside sources. "Outside sources" do not include the text and so you don't need to cite it. Type your answers into this document, rename it, and upload it to the assignment.
1) For each of the following questions taken from an internal control evaluation questionnaire, provide the following four pieces of information:
a) Identify what transaction-related audit objective is supported by each control if it is effective. Be sure to explain how the control supports the objective.
b) Describe one test of controls auditors could use to test the effectiveness of the control.
c) Identify the possible misstatementthat might occur if each control were not effective, to include the accounts involved and how whether they would be over or understated, and explain how the misstatement would result from the control weakness.
d) Describe on test of substantive audit procedure that might determine if a material misstatement exists due to the failure of the control. Make sure you answer is clear about how the test would work.
Fill in the following table to present your answer.
Hint: Your answers need to be clear about how the control procedure implied by each question would work and what transaction-related audit objective(s) would be supported by that control procedure as well as how your tests would map onto that objective and test for the specific material misstatement(s) you mention in c). In general, everything on each row needs to fit together.
|
Discuss the workforce planning process
: Discuss the workforce planning process. After discussing each step, explain what would happen if an organization did not follow the workforce planning process. Explain from the perspective of the employer and the employees. There are many external..
|
|
How nonstatistical sampling differ from statistical sampling
: How does non-statistical sampling differ from statistical sampling and when might an auditor choose one over the other? Explain each of these statements and discuss why the two comparisons are similar.
|
|
Independence of texas from mexico
: How did the settlement of Texas by Americans lead to the independence of Texas from Mexico? Why did people head west to Utah, Oregon, and California? What effect did that movement have on the country?
|
|
Demonstrating your understanding of ethical theories
: This assessment task is designed to develop research, critical thinking and reading skills. The themed essay is essentially about you demonstrating your understanding of ethical theories, for example: Kant, Utilitarianism, environmental ethics, vi..
|
|
What transaction-related audit objective is supported
: Identify what transaction-related audit objective is supported by each control if it is effective. Be sure to explain how the control supports the objective.
|
|
Describe the key tenets of federalism
: Describe the key tenets of federalism. Why were many founders wary of creating a strong, centralized government?
|
|
Anti-harassment and discrimination brochure
: SOC2231 : You learned about diversity, inclusion, and prejudice regarding race, gender, sexuality, religion.Obviously, diversity and inclusion are important in a workplace. For this assignment, you will create an anti-harassment & discrimination b..
|
|
What ways did hitler win over the german people
: In what ways did Hitler win over the German people? How/why did some remain suspicious? What about America--how did we respond initially and as time grew on?
|
|
Explain what information this financial statement provides
: ACC 212- Which financial statement should be prepared first and why and explain what information this financial statement provides. Explain what the Going-concern Assumption is and provide an example of its application.
|