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Question:
The 21st Century Auditor" Please respond to the following:
The 21st century auditor requires knowledge of technology and accounting information systems in addition to his / her understanding of accounting concepts and guidelines. The degree of knowledge in technology and AIS will vary with each auditor.
Recommend the top-five technology and AIS skills that the 21st century auditor should have. Justify your recommendations.
Now, recommend a series of actions that need to be taken by auditors and their firms to ensure that the auditors maintain their skills.
sheridon corporation is investigating automating a process by purchasing a new machine for 515000 that would have a 10
a firm has the capacity to produce 1000000 units of a product each year. at present it is operating at 70 percent of
danner farm supply company manufactures and sells a pesticide called snare. the following data are available for
the tsetsekos company was planning to finance an expansion. the principal executives of the company all agreed that an
Show the effects of the transaction of invidual accounts on the Accounting Equation. After transaction g, show the totals of each element.
swanson amp hiller inc. purchased a new machine on september 1 2008 at a cost of 118000. the machines estimated useful
a company makes wheels which it uses in the production of childrens wagons. the companys costs to produce 260000 wheels
There are several methods, LIFO, FIFO, Weighted Average, Market, and Historical Cost. If you are in the retail/wholesale business, would you use the same method that you would use if you were in the manufacturing business?
1.a company used straight-line depreciation for an item of equipment that cost 16500 had a salvage value of 4000 and
inventoriable costs - assume that in an annual audit of webster inc. at december 31 2010 you find the following
Eric is a collector of antique automobiles andoccasionally sells one to get funds to buy another. What are theamount and nature of the gain or loss from each of these transactions?
describe an example of how an unfavorable variance between actual and budget amounts in a fixed master budget can
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