Solution-Propose the internal control activities or audit

Propose the internal control activities or audit plan

Assignment Help Auditing

Reference no: EM131820701

Problem

1. Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers. Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation.

2. Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions. Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.

Reference no: EM131820701

Questions Cloud

Proportion of residents who feel that their financial : Comment on this statement. Give a statistical argument to justify the claim that the estimate of 43% is within 3% of the true proportion of residents who feel.

What can you say about the protection by this plan : What can you say about the protection by this plan? If 0.05 is the desired LTPD, does this scheme offer reasonable protection to the consumer?

Estimating the strength of the bindings : A manufacturer of college textbooks is interested in estimating the strength of the bindings produced by a particular binding machine

Create your own input numbers such as the annual rate : Create your own input numbers such as the annual rate of return, initial investment amount, current salary, # of years until retirement, etc...

Propose the internal control activities or audit plan : Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.

Reevaluating the jury system : High-profile legal cases have many people reevaluating the jury system. Many believe that juries in criminal trials should be able to convict

Depreciation is computed for financial reporting purposes : Depreciation is computed for financial reporting purposes by use of the straight-line method based on the useful lives

Implement two different creative examples : Develop, explain, and implement two different creative examples using first a financial function and second, one which uses “nested functions”;

Compute the annual depreciation and carrying value : Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods

User Account

All Pages

Propose the internal control activities or audit plan

Reference no: EM131820701

Reference no: EM131820701

Questions Cloud

Reviews

Write a Review

Auditing Questions & Answers

Internal audit

Accounting professional and ethical standards

Prepare swag''s consolidated balance sheet

Auditing and assurance

State of the company’s industry and associated risk factors

Prepare a memo to the audit partner

Adjusting or non- adjusting events

Audit financial data

Identify principal audit risk

Auditing and assurance

National health reform

Prepare a memo on the state of the company''s industry

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT