List each of these standards in the correct category

Assignment Help Other Subject
Reference no: EM132281229

Question: The following situations have caused you to become concerned about the quality of the upcoming external audit:

• Because of the fact that the audit will not begin until February after the books have been closed, the external auditors will not be able to confirm the accounts receivable cutoff, physically examine the inventory, and examine other important procedures.

• You have just been advised that the auditing firm has been acquired by a larger auditing firm, and the auditor that is coming to Bovar Company will be unfamiliar with Bovar Company.

• One of the acquiring auditing firm's principal partners is related to the chief executive officer (CEO) of Bovar Company.

• Some areas of control that have been of concern to the auditing department will not be audited because of workload and timing constraints.

• Some of the methodology used in the accounting department to compile the financial statements may not comply with generally accepted accounting principles (GAAP).

Generally accepted auditing standards (GAAS) provides three categories of standards and ten standards by which an audit should be performed. You are concerned that some of the aforementioned situations may be in violation of the GAAS standards, and you have decided to review the GAAS standards to detect any possible violations. Complete the following:

• List each of these standards in their correct category.

• Identify those standards that you believe may be compromised by the aforementioned situations.

• Describe specific actions that you believe should be taken to comply with the GAAS standards.

Reference no: EM132281229

Provide an analysis of the results and indicate which study

Determine whether you support the results and discuss any suggestions, observations, or recommendations you may have for supporting or disputing how the results were present

Results of a correlational research study

when we make conclusions based upon the results of a correlational research study, what are some of the cautions that should be made? Give an example of a spurious relationshi

Demonstrate critical thinking about controversial issues

In essence, you will be asked to demonstrate critical thinking about controversial issues in public administration and take a position on which course of action would be the

Conceptual frameworks from deviance

Using a movie, book, video game, or TV show to analyze deviance. With at least four concepts from the chapter on deviance in your answer and also use at least one of the con

Discuss the two growth patterns that describe these changes

Explain the core knowledge perspective of cognitive development noting research that both supports and challenges its assumptions. Describe the information-processing view o

Social networking and media has gain popularity especially

Social networking and media has gain popularity especially like Facebook, Twitter, etc. There is a big issue, that is, spreading rumors. It is the best medium to spread rumo

Some students work hard in school to attain high grades

You smell coffee brewing in the morning and, really, it is the only reason you are willing to get out of bed. In this situation, the coffee is a(n): Serena is only one hour ol

Develop a marketing mix plan

BSBMKG609 Develop a Marketing Plan - Develop a marketing mix plan which is based on the organization's marketing strategies incorporating and Detail the tactics necessary to i

Reviews

Write a Review

 
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!

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