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!
1. Identify what you consider to be the ‘key' inherent risk factors that could have an impact on the audit of BHP for the year ended 30th June 2012.
For each of the inherent risk factors identified, state how and why you consider the issue may create the risk of potential misstatement in the financial statements of BHP for the year ended 30th June 2012.
[HINT: To score well in this assignment you will be required to research BHP's financial results, the financial press, and other business media to obtain a better understanding of the inherent risks. You may use the issues you identified in assignment 1 to discuss the nature of the apparent risks]. You are expected to identify six (6) critical inherent risks.
2. Using the information you have collected to assist you in answering question 1 (above), explain and justify your overall assessment of inherent risk for BHP. Using the audit risk model and the risk factors discussed above, discuss how your assessment of inherent risk will impact on the evidence mix for the planning of the audit of BHP in the identified areas of risk.
Explain auditors' responsibilities with respect to detecting and reporting fraud? Provide a brief overview of the types of reports that accompany an entity's financial statements?
the bank statement showed a service charge of 56.bull acorn made a deposit on 31st may but this deposit did not appear
computer boutique sells computer equipment and home office furniture. currently the furniture product line takes up
Where t is the number of minutes since the meal began and I(t) represents the amount (in grams) that the person has eaten by time t.
Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?
Explain the purposes and reasons for public accounting firms to perform an integrated audit. Address the Sarbanes-Oxley Act (SOX) and explain corporate governance and its relation to integrated audits.
The third GAAS of field work requires that the auditor obtain sufficient competent audit evidence to afford a reasonable basis for an opinion regarding the financial statements under audit.
Choose any KPIS based on your industry/interests and explain why the existing KPIs offer a partly-complete measure. For each KPI, come up with an extension that might offer a better and/or in-depth measure.
Determine whether the responsibility to hire and fire audit managers should have prevented the firing of the chief of internal auditing by management for reporting fraudulent activity.
suppose that you are audit senior in an accounting firm. your firm has recently won an audit for a company elders ltd.
Prepare a bank reconciliation for XYZ Company at September 30 using the following informatiom:
A significant component of an audit program is the examination of the organization's internal control procedures and if they are being followed.
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