Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the factors of auditors
When anticipating to apply analytical review as a substantive procedure, auditors determine a number of factors like:
Factor
Impact on use
Plausibility/predictability of relationships
If relationship is strong (for example commission on sales) analytical procedure may suffice.
Degree of disaggregation of available
information
Procedures are more effective when applied to components.
Availability of financial and non-financial
data
Independently prepared non-financial data will allow more effective procedures.
Relevance of information
Budgets which are based on expectation are more useful than targets.
Comparability of information
Broad industry data (for example RPI) mayn't be relevant to specialised industry.
Knowledge gained previously
Effective procedures are based on recognising unexpected/unusual variations.
If knowledge is limited, it's difficult to know what to expect.
Reliability of various forms of data
If data used is unreliable, then any results are equally unreliable hence procedures less effective.
Nature of enterprise and its operations
Some businesses lend themselves to analytical procedures as steady trends develop therefore easier to know what to expect and spot variations.
MARGINAL ANALYSIS It is difficult to develop the conditional profit table when there are a large number of scenarios and possible actions. The marginal analysis approach sides
There are two approaches to value Asset-Backed Securities. They are: Zero-Volatility Spread (Z-spread) Approach. Option-Adjusted Spread
What are "in-market" mergers? A: An in-market merger is one that occurs between two banks operating in similar geographic area, usually a city or metropolitan area. The merged in
a) On 1 st January 2010, Grimm issued 400,000 convertible £1 6% debentures for £600,000. The professional fees associated with the issue were £40,000 and the fair value of simil
Q. Explain Inventory approach to cash management? This method analysis cash in the same way as engine inventory such that EOQ models may be employed. In such conditions cash
Explain how the cash budget and the capital budget relate to pro forma financial statements. The cash budget depicts the projected flow of cash in and out of the firm for fixed
Q. Show the Projected Balance Sheet Method? Projected Balance Sheet Method: - Under this process an approximate is made of assets and liabilities for a future date and a projec
Use the excel spreadsheet to project the net income for Winnebago from assumptions about key revenue & expense items. Use the following assumptions to evaluate the projected net
Gary and Joyce Yau, both 30, last month bought their dream house in London, Ontario. The purchase price was $450,000 plus addition fees such as taxes, legal fees, administration fe
I need this in the next 24 hours urgently. If you can accept this, you must be meeting the deadline with strictly no delays or full payment refund is needed
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd