Individual Ch. 5, 6, & 7 Textbook Exercises
Comprehensive question 5-30
(Assertions) In planning the audit of a client's financial statements, an auditor identified the following issues that need audit attention.
1. The allowance for doubtful accounts is fairly presented in amount.
2. All accounts payable owed as of the balance sheet date are included in the financial statements.
3. All purchase returns recorded in the general ledger are valid.
4. There is a risk that purchases made in the last week of the month might be recorded in the following period.
5. The client may have factored accounts receivable. The client has used special-purpose entit
- Business
- August 10th, 2016
Assessing Materiality and Risk Simulation
Name
ACC/490
Date
Instructor Name
Assessing Materiality and Risk Simulation
The Assessing Materiality and Risk simulation identifies risks and important components of the auditing process. Some accounts must be audited 100%, whereas some are sampled. Other accounts require a combination of details and components to achieve precise results. Three risks that make up audit risk are interrelated
- Business
- August 10th, 2016
Assessing Materiality and Risk Simulation
Name
ACC/490
Date
Instructor Name
Assessing Materiality and Risk Simulation
The Assessing Materiality and Risk simulation identifies risks and important components of the auditing process. Some accounts must be audited 100%, whereas some are sampled. Other accounts require a combination of details and components to achieve precise results. Three risks that make up audit risk are interrelated.
- Business
- August 10th, 2016
a. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
b. Identify two strategies that might be used to support a low control risk assessment. Discuss the difference between the two strategies.
c. Discuss a third audit strategy that might be used to assess control risk at a high level. Explain why this strategy will not support a low control risk assessment.
Learning Check 11-8
What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
Learning Check 11-9
a. What is the difference between the conventional test data approach and the integrated test facility approach?
b. In lieu of traditional testing, what approaches can be used in on
- Business
- August 10th, 2016
Audit Sampling Case Memo
Name
ACC/490
Date
Instructor Name
MEMORANDUM
To: John Smith
From: Audit Team A
Date: December 4, 2011
Subject: Mt. Hood Furniture Audit
- Business
- August 10th, 2016
FIN 534 Homework #5 complete solutions correct answers key
Use the following information for Questions 1 and 2:
Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years and in 2013 Boehm paid dividends of $2.6 million on net income of $9.8 million. However, in 2014 earnings are expected to jump to $12.6 million, and Boehm plans to invest $7.3 million in a plant expansion. This one- time unusual earnings growth won’t be maintained, though, and after 2014 Boehm will return to its previous 8% earnings growth rate. Its target debt ratio is 35%.
Calculate Boehm’s total dividends for 2014 under each of the following policies:
1. (a) Its 2014 dividend payment is set to force dividends to grow at the long-run
growth rate in earnings.
(b) It continues the 2013 dividend payout ratio.
2. (a) It uses a pure residual policy with all distributio
- Business
- August 10th, 2016
ADJ 275 Criminal Procedures
Jurisdiction Case Review
The first situation (State of North Dakota vs. Ringquist) is a court case that should be tested out at the degree of the state legal courts. The accused in the trial states that the privileges that state constitution enables him to have are being violated (North Dakota Supreme Court Opinions, No Date). Because these legal rights were violated and the proof which was covered up has to remain covered up. On the reverse side the complainant, the state of North Dakota, states that the legal rights weren't dishonored and there was possible cause for a search warrant. Because the designed liberties which are being broken are in North Dakota then the state of North Dakota needs to be the legal courts that will manage the specific circumstance. When the Bill of Rights had been the rights which are being inhibited then the federal government will be the court system to build this matter to. The jurisdiction
- Business
- August 10th, 2016
Criminal Procedures
Week 2
ADJ 275
The actual method that Robert recalls what he experienced to obtain in which he has been currently is at opposite structure. When he initially begins to recall he's inside the courtroom as the jury returns with a blameful judgment
- Business
- August 10th, 2016
Criminal Process Difference
Week 2
ADJ 275
The Idaho State criminal processes combined with the many other states apparently stick to the same exact techniques as the federal government would adhere to. With regards to establishing a procedure of a crime event such as murder or manslaughter the Idaho State felony processes says that the predicament will begin with a submitting a complaint or discovering an indictment
- Business
- August 10th, 2016
Arrest
Week 3
In the examination, the officer’s are correct after they caught Mr. Barnes. Law enforcement official that charged him might not have had a warrant; however that's one kind of criminal arrest. Another kind of criminal arrest the police officer should have a warrant that's from an impartial alternative party just like a justice of the peace or a judge. The
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