Firm of certified practicing accountant

Assignment Help Operation Management
Reference no: EM132264826

You are an audit partner in Courts & Sons, a firm of certified practicing accountant. For a number of years you have been partner in charge of Roma Ltd, a firm that imports and distributes coffee machines and other related products. You have no problem with the audit in the past. Roma’s family financial year ends on 31 December. This year, the owners of Roma ask that the audit be completed by the 15th February next year because Roma’s parent company in Italy requires the accounts for consolidation purposes. You do not believe you will have time to perform all of the audit fieldwork during January. An alternative would be for you to plan the audit so a considerable amount of the substantive testing is performed during the interim audit of Aroma in November. This testing would be on balances at 31st October. 2 months before the year end.

Required;

Explain what you should do to ensure that balances at 31st December are fairly stated when much of the work is performed on balances at 31st October.

Reference no: EM132264826

Questions Cloud

Describe the plain meaning rule : What is “consideration?” In your own words, describe the “plain meaning rule.”
Important to overall strategy formulation for organization : What specific ideas from the SWOT are most important to overall strategy formulation for the organization?
Competitors in mature market typically : Competitors in a mature market typically find that a new entrant is threatening because
Quant utilities provides electricity : Quant Utilities provides electricity for three cities. The company has four electric generators that are used to provide electricity.
Firm of certified practicing accountant : You are an audit partner in Courts & Sons, a firm of certified practicing accountant.
Duties of agents and principals in agency relationship : What are the duties of agents and principals in an agency relationship? Make sure to briefly describe each of these duties.
Important for organization to take time to reflect : Why is it important for organization to Take Time to Reflect?
Manage an outdoor concert venue in large stadium : Saltwalter Entertainment Inc. was contracted to manage an outdoor concert venue in large stadium.
Discuss all relevant legal issues raised : ABC sold mobile homes and developed mobile home parks. Discuss all relevant LEGAL issues raised by the facts above.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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