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Describe your process for analyzing the gap(s) and defining the change requirements.
Calculate the bank's excess reserves (the requirement ratio 10% ). Show your work including any formulas.
Calculate the accounts receivable turnover ratios for Coca-Cola and PepsiCo for 2006.
How have they made a difference in a developing country or countries with regards to this issue?
There are several different professional codes of conduct. How does an accountant or auditor determine which code of conduct to follow? Provide examples.
Determine the net change in NCFC's pretax profits from extending credit to retailers in the fair category.
a. What are the purposes or primary functions of audit documentation? b. Who owns the documentation, the auditor or the client?
In confirming individual accounts receivable balances, your client's customers reported the exceptions listed below.
Determine deposits in transit. (Assume the July 31 deposit in transit cleared the bank in August)
What warning signs were there that could have alerted an auditor to the risk of management fraud?
Based on the Auditing Standards presented by the PCAOB, discuss whether or not you believe the "general standards" are adequate for today's business environment
What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning?
Create your own design audit model that you may use to determine the extent to which your organization participates in design-principled practices.
Discuss any additional documentation that you believe should be required to protect a company's shareholders from potential financial harm.
Explain why confirmations are normally more reliable evidence than inquiries of the client.
How does the auditor evaluate the results of audit procedures? What types of qualitative factors might the audit consider when encountering an error?
Draft Cohen and Single's combined audit report with opinions on the financial statements and ICFR as described.
The auditor in charge of the engagement is adamant. We really have no choice.
Customers arrive at Paul Harrold’s Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion.
Discuss what you believe to be the most significant audit risk in an economic downturn.
Obtain a 10-k report and an annual report for a public company (this may be in electronic form and/or hard copy form).
Calculate the net realizable value of accounts receivable at December 31, 2011, and allowance for bad debts for Gibbs Co., as of that point in time.
Imagine that you're the Senior Auditor on the Peach Blossom Cologne Company audit.
Question: Describe what is meant by generalized audit software. Would auditors even consider using Word or Excel?
Obtain and review the annual report of a public company and locate its audit committed charter.