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!
Q:
Smith Manufacturing's bank has just informed the company's CFO that an audit is required to get an operating line of credit (LOC). The company requires the LOC to maintain its cash flow. Mr. Jones has contacted you to see if your firm is willing to perform an audit. Purpose a memo to Mr. Jones that addresses any concerns you can have regarding the audit. Suppose whether your firm can complete the audit, or whether it is a conflict of interest.
In addition, Mr. Jones is unfamiliar with the standard unqualified audit opinion report. He has asked that you give a copy of what the opinion would look like. Purpose a sample draft of a standard unqualified audit opinion as an attachment to your memo. Make sure you add a clause that the opinion is a "Sample Only" and not to be used for any other purpose.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
Show a qualified opinion on the financial statements because of the client imposed scope limitation.
A statistical conclusion, and the audit decision you could make based on the quantitative sample results.
Income tax liability. Fisher's tax attorney informed you that it is possible that the client will have to pay $875,000 in taxes regarding a tax dispute that started four years ago.
Write general journal entries to record the transactions and Write a stockholders' equity section as of the close of business on December 31, 2012.
Preparing memo on state of the company industry
Illustrate the tax issues that are raised and the relevant sections of the legislation.
Prepared in good form a working paper and conclude whether the auditor can rely on the control of authorization of credit. Your working paper could add the sampling steps identified in the textbook for tests of controls.
Explain the role of the following three 'bodies' in National Health Reform
Evaluate the amount of allowable loss deduction each shareholder would be able to recognize on their individual 2002 tax returns.
Prepare a memo on the 'state of the company's industry' and associated risk factors.
Propose a broad audit plan
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