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!
You are the owner of a Hong Kong CPA firm. In a meeting with one of your clients Peter, Peter asked you a few questions:
1 what's a true and fair view? is it the same as everything being correct in my financial statement?
2 is it correct that you as an auditor should be responsible for the prevention and detection of fraud and error? If that is not the case, why should Ispend so much to hire you?
3 how come you said that you can finish the audit within 4 weeks? how come your staff have sufficient time to check all the vouchers and statements for the last year?
Required:
Please explain to Peter on the questions he has raised.
A bank branch must keep a stock of cash on hand for customer withdrawals. The net daily withdrawal rate at the branch is $5,000. The opportunity cost of cash is 10% per year.
Described below are certain transactions of Edwardson Corporation. The company uses the periodic inventory system. On February 2, the corporation purchased goods from Martin Company for $75,800 subject to cash discount terms of 2/10, n/30.
A number of factors influence the sample size for a substantive test of details of an account balance. All other factors being equal, which of the following would lead to a larger sample size?
Prepare a bank reconciliation for XYZ Company at September 30 using the following informatiom:
A new project being considered would require an investment of $15,000 and would generate annual net operating income of $3,000. What is the residual income of the new project?
What are the main sources of finance that can be considered? What are the main factors that should be taken into consideration when deciding on the mix of long-term and short-term borrowing necessary to finance the expansion?
audit reports please respond to the subsequentin an economic downturn assess whether you would expect more or fewer
Analysing role of auditing in company's annual report / public disclosure - select a public listed company with disclosures available from companys website
Assume you are an auditor of a small, publicly held "parts" supplier in Detroit. Its major clients are the auto companies, although they do support some appliance manufacturers and the airline industry. What type of questions would you ask about m..
1. during your audit of raceway inc. you conclude that there is a probability that inventory is materially overstated.
What is your view, giving a rational explanation to your view (you may use other sources to support your view, properly referencing). Why do you think that these measures were introduced?
Bombeck Company sells a product for $1,500. When the customer buys it, Bombeck provides a one-year warranty. Prepare a journal entry to record the estimated liability.
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