What are the types of subsequent events the auditor

Assignment Help Financial Accounting

Reference no: EM131219157

What are the types of subsequent events the auditor should identify and evaluate as part of performing an audit. Give an example of each type of subsequent event. How should each type be handled in the financial statements.

Reference no: EM131219157

Questions Cloud

Assets and liabilities-what was their fair value : Grant Company acquired all of Bedford Corporation's assets and liabilities on January 1, 20X2, in a business combination. At that date, Bedford reported assets with a book value of $630,000 and liabilities of $368,000. If the book value of Bedford's ..

Review targets dividend policy and its history : Determine how Target got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response. Review Target’s dividend policy and its history. Based on the information, discuss the trends over the past year.

Record the annual dividend declared and received : On January 1, 2013, Plano Company acquired 8 percent (16,800 shares) of the outstanding voting shares of the Sumter Company for $235,200, an amount equal to Sumter’s underlying book and fair value. Record the annual dividends declared and received fr..

Analyze the present financieal condition : you have been hired as a financial analyst by First Citizens Bank. One of your first job assignments it to analyze the present financieal condition of Bradley Stores, Inc. You are provided with the following 2012 balance sheet and income statement in..

What are the types of subsequent events the auditor : What are the types of subsequent events the auditor should identify and evaluate as part of performing an audit. Give an example of each type of subsequent event. How should each type be handled in the financial statements.

What is a management representation letter : What is a management representation letter? Who prepares it? Who should sign it? When should it be dated? How does it differ from the CEO and CFO certification of financial statements.

Auditors consider when making the evaluation : Are auditors required to evaluate the likelihood of a client remaining a going concern as a part of each audit? What types of conditions and factors should auditors consider when making the evaluation?

Auditors internal control report on a public company : How does a summary of possible adjustments help the auditor determine whether the financial statements are fairly presented? What information might it contain? How might an analysis of the summary affect the auditor's internal control report on a pub..

Considered to be a long-term available-for-sale security : The following data, presented in alphabetical order, are taken from the records of Nieto Corporation. The investment in Sasse common stock is considered to be a long-term available-for-sale security.

User Account

All Pages