You have agreed to audit a privately held company that

Assignment Help Accounting Basics

Reference no: EM13583564

You have agreed to audit a privately held company that manufactures athletic shoes. You are the owner of a cpa firm that employs a staff of 10. They have been in business for 5 years and have revenue of approximately 10 million dollars. Explain the process that would be involve with the audit of this company; cash, a/r, inventory, and property plant and equipment.This is a first year audit, what internal controls might be considered? What substantive procedures would be performed to provide reasonable assurance that' the financial statements are presented fairly in accordance with GAAP. Discuss steps taken to plan the audit, detail which assertions are involved when describing various procedures?

Reference no: EM13583564

Questions Cloud

Formulate the above problem mathematically and formulate : problem 1 the board of directors of general wheels co. is considering seven large capital investments. each investment

While only nanogram amounts are available spectroscopic : a new element setonium has been isolated and consistent with some predictions is nonradioactive. while only nanogram

Net profit margin acid-test ratio trade receivables : using the following information complete the balance presented below if all sales are on creditnet profit margin

A proton high above the equator moves straight away from : a proton high above the equator moves straight away from the earth with a speed of 395 ms.a find the acceleration of

You have agreed to audit a privately held company that : you have agreed to audit a privately held company that manufactures athletic shoes. you are the owner of a cpa firm

What are the tax and nontax consequences for the new : comparison of entity formations. cara bob and steve want to begin a business on january 1 2009. the individuals are

A solenoid is formed by winding 267 m of insulated silver : a solenoid is formed by winding 26.7 m of insulated silver wire around a hollow cylinder. the turns are wound as

Your black sheep aunt wilma has left you a million dollars : your black sheep aunt wilma has left you a million dollars. her attorney tom dewecheatemandhow says you can have your

Describe a way to measure the dv so that each participant : in 150 words earlier we considered marys interest in doing a study to see if learning of 6th graders on a math lesson

User Account

All Pages