Potential non-misstatement timing differences

Reference no: EM13140664

Assume an accounts receivable confirmation is returned with a note to the auditor describing a difference between your client's records and the customer's records. Clearly describe below two potential non-misstatement timing differences that could cause a discrepancy between a client's receivable records and his/her customer's records. The timing differences you describe should be such that after investigation you would determine that your client's receivable balance is not misstated due to these differences.

Reference no: EM13140664

Questions Cloud

Regression analysis to investigate relationship-value-income : Use regression analysis to investigate the relationship between value and income. Discuss your findings. Use regression analysis to investigate the relationship between value and revenue. Discuss your findings.

Which area would have the lower blood pressure : Would the blood pressure in the pulmonary capillaries at the bottom of a lung be the same as the blood pressure in the capillaries at the top of a lung in the standing individual? Which area would have the lower blood pressure?

Characteristics of modular information system : Compare the features and characteristics of modular information system and integrated software system in respect of financial control of an organisation. Refer to real life examples for each systems.

I was a bit surprised : I was a bit surprised that the Irish Attorney was so critical of the uniform Evidence Act. I had suggested it as an ideal model for the Irish reform. But she said of its lack of safeguards around the use of electronic or digital documents that it was..

Potential non-misstatement timing differences : Assume an accounts receivable confirmation is returned with a note to the auditor describing a difference between your client's records and the customer's records. Clearly describe below two potential non-misstatement timing differences that could..

Assume a cdma system has only four walsh codes : Assume a CDMA system has only 4 walsh codes. If the mobile is assigned W4 and receives a data stream of 11011010, what is the output?

How much salary expense should be recorded two days later on : Employees at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2?

Find processes occurs to maintain the fidelity sequence : During the biosynthesis of a protein, which of the following processes occurs to maintain the fidelity sequence? (A) restoration (B) renovation (C) repair (D) remodeling.

What amounts related to this transaction : The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall’s balance sheet and income statement in 2008? In 2009?

User Account

All Pages