Solution-What factors should an auditor consider

What factors should an auditor consider

Assignment Help Accounting Basics

Reference no: EM131802657

Question - Please keep your answers down to at least one paragraph, this is the conversation not an essay question.

1. One purpose of performing analytical procedures in the planning phase of an audit is to assess the client's financial condition. How does the assessment of a client's financial condition affect the auditor's decisions concerning evidence accumulation in later phases of the audit?

2. There are four important purposes of analytical procedures. Identify one of these four purposes and give a specific example of an analytical procedure that an auditor might perform.

3. What factors should an auditor consider before accepting a company as a new audit client? Why might an auditor not wish to continue a relationship with an existing audit client?

Reference no: EM131802657

Questions Cloud

Educate the public on current events : As a respected healthcare professional, you have been invited to speak at a local town meeting to help educate the public on current events

What are your plans to change your behaviors : Would you feel comfortable reporting these uncivil actions?; who would you report it to?; if the situation happened to you, would you use productive.

Discuss balance sheet for the dental practice of carl craft : Prepare an income statement, an owner's equity statement, and a balance sheet for the dental practice of Carl Craft

Recommendations for today business leaders : What are some recommendations for today's business leaders to ensure that those individuals coming into their company today can still communicate in a business?

What factors should an auditor consider : What factors should an auditor consider before accepting a company as a new audit client? Why might an auditor not wish to continue a relationship

Weapons of international relations : Why, In the 21st Century, the new weapons of international relations appear to be "dollars and cents," as opposed to "guns and missiles?"

Estimate of administrative costs in a month : Based on the results of the controller's regression analysis, the estimate of administrative costs in a month with 1,090 credit hours would be

What is the strongest correlation in the matrix : What is the strongest correlation in the matrix?How many original correlations are present on the matrix?

Discuss what is the average inventory balance : how many orders should be placed and what is the average inventory balance

User Account

All Pages

What factors should an auditor consider

Reference no: EM131802657

Reference no: EM131802657

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT