Audit program-accounts payable

Assignment Help Auditing
Reference no: EM1354603

Describe the methodology for designing tests for the details of balances in accounts payable. How would your methodology impact the rest of the audit?

Reference no: EM1354603

Questions Cloud

Illustrate what happened to his wage and substitution effect : Suppose V=$0, what is Jim's labor supply function now. Draw his labor supply curve. Illustrate what happened to his wage and substitution effects.
Subspecializations in clinical psychology : Briefly summarize the four most common subspecializations in clinical psychology. Discuss their similarities and differences. Which one is most interesting to you? Explain your response.
Explain how you would identify specific companies-individual : Explain how you would identify specific companies/individuals within these two choices to find one that is the most compatible with your organizations values.
Knowledge to better construct work systems : Organizational learning - Explain how should managers utilise organisational learning and knowledge to better construct work systems?
Audit program-accounts payable : Describe the methodology for designing tests for the details of balances in accounts payable. How would your methodology impact the rest of the audit?
Calculate the initial acceleration of the car : A 13 g bullet traveling 217 m/s penetrates a 2 kg block of wood and emerges cleanly at 153 m/s. If the block is stationary on a frictionless surface when hit, how fast does it move after the bullet emerges.
Determine the abnormal rate of return : Determine the abnormal rate of return for Stock A during period t using only the aggregate market return and ignore differential systematic risk.
Significance of the psychological assessment process : Give a brief explanation of the significance of the psychological assessment process in a clinical practice.
Analysis and organizational goals : How do both external and internal analysis impact short-term and long-term organizational goals and how is this translated in a company's strategic choice?

Reviews

Write a Review

Auditing Questions & Answers

  Annual report of public company

Obtain and review the annual report of a public company and locate its audit committed charter. What are the key features of the charter? What are its strengths? What are the weaknesses?

  Reconstructing revenue-net worth

While the net worth method focuses on the balance sheet and the increase in net worth for the year the bank deposit method looks at the money deposited and withdrawn throughout the year.

  Money laundering-major scandal for the bank

Analyze the money laundering issue that caused a major scandal for the bank. What was the problem with the AML programs? How did the regulators fail at first?

  Different types of audit evidence

Seven different types of evidence were discussed. The following questions concern the reliability (competence) of that evidence: Explain why confirmations are normally more reliable evidence than inquiries of the client.

  Responsibilities for internal control in organization

In brief describe the responsibilities each of the following groups of people has regarding internal control: Management, the board of directors, internal auditors, others in the organization.

  Feature of internal control

Many businesses receive most of their cash on credit sales through the mail. Suppose you own a business in which you must hire employees to handle cash receipts and perform the related accounting duties.

  Tyco financial scandal

Discuss how internal control problems may have contributed to the failure of Tyco International. Describe these problems and their cause. What would you have done differently, if you had been in charge (be specific)?

  Risk in the audit plan

Classify the main account or group of accounts affected by this risk in the audit plan.

  Internal control component for control procedures

Which of the following describes the internal control component "control procedures"?

  Sufficient and competent evidence for auditors

What constitutes sufficient and competent evidence? What types of factors should an auditor consider when determining definitions of competency? The answers will be provided here.

  Securitization-bank loans

Securitization has allowed banks to originate more loans than they can ultimately finance on their balance sheets.

  Auditing sample methods

Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

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