User Account

All Pages

Which confirmation type would you select for Badapoo and why

Assignment Help Accounting Basics
Reference no: EM132647348

Question - You are the auditor of Badapoo Bank for the year 2018. Badapoo has a large number of customers with consumer loan accounts. The loan accounts have balances averaging $900 in a homogeneous population and the customers usually pay close attention to their balances. Your preliminary assessment of internal control over the loan area is that control risk is low and results of tests of controls support that assessment. Inherent risk is deemed to be lower as well.

Required -

1. Discuss the accounts receivable confirmation process used by Auditors.

2. Elaborate on the types of confirmations that may be used for the audit of Badapoo Bank.

3. Which confirmation type would you select for Badapoo and why?

Reference no: EM132647348

Questions Cloud

Identify the element oxidized and the element reduced : Identify the element oxidized and the element reduced. Give the number of electrons lost or gained by each atom.
Organizational behaviour : The success of any business is often attributed in large part to the qualities and attributes of its leadership.
Explain a body of experimental observation : What is a unifying principle that explains a body of experimental observation
Conducting dalton law : What conclusions can be drawn after conducting Dalton's law? What formula would be included? How was the formula obtained?
Which confirmation type would you select for Badapoo and why : Which confirmation type would you select for Badapoo and why? Elaborate on the types of confirmations that may be used for the audit of Badapoo Bank
Negative aspects to cross-cultural conflict : List and briefly explain a minimum of three negative aspects to cross-cultural conflict
Discuss at least three types of sample selection : Discuss at least three types of sample selection, when they are used and, generally, how they are used. Give examples
Formation of hydrogen peroxide from molecular hydrogen : In the box below, draw a set of molecules that represents the formation of hydrogen peroxide from molecular hydrogen and molecular oxygen.
Partial pressures and total pressure of final mixture : All the H2 reacted with sufficient N2 to form NH3. Calculate the partial pressures and the total pressure of the final mixture.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd