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Identify the sanctions and section of the report the company should have modified to address departures from GAAP. Support your position.
Discuss at least two alternative methods that auditors can use to provide a more concrete level of assurance to investors.
Discuss the primary ways in which auditors would use the information from downgrades to assess business risk or evaluate the likelihood.
Determine the types and amount of audit evidence to collect in order to keep the overall audit risk of engagements to minimum or below defined tolerable limits.
Based on the accounting scandals you researched, identify the accounts that the fraud had affected, and analyze the auditor's responsibility to detect fraud.
Prepare a scenario in which a company conceals financial fraud from the auditing firm through the use of information technology.
Discuss the advantages and disadvantages of at least two sampling methods. Make a recommendation for the best method to sample accounts receivables.
Identify at least two situations when an auditor should test account balances. Support your rationale with related examples of such circumstances.
Create a scenario that demonstrates specific ways in which management manipulate transactions impacting inventory value that the auditing team might not detect.
Analyze at least three concepts that you found eye opening that you were not aware of before taking this course.
Discuss audit procedures for the audit of accounts receivable. How does this apply to your chosen organization?
List the types of differences between IFRS and US GAAP. What is the greatest difference between IFRS and U.S. GAAPwhen discussing inventory?
Assume you decide to invest in the franchise. Provide a description and estimates in dollars for monthly sales, variable and fixed expenses.
How many cars on average did Solo budget for each employee? How many cars did each employee actually fixed?
ACCT 421 - TAX SOFTWARE: With the objective of minimizing the tax liability for the family, prepare Sylvia's 2019 income tax return and Bruno's 2019 return
BAAC 2100 - Principle of Accounting II:Prepare journal entries for the transactions. Assume Gala Material LLC uses FIFO method under perpetual inventory system.
Does the FIFO or weighted average method have any effect on the overhead costs? Why or why not?
Which of the following are examples of industries that use process-costing systems?
Prepare accounting records for a service business. Prepare journal entries for January -June 2020 transactions listed above.
analyze incremental costs and incremental revenues to help them decide if additional processing will increase or decrease operating income.
Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet. Prepare the current assets section of the balance sheet.
You are helping your client build a better understanding of three types of transfer taxes. Identify one of the transfer taxes and explain formula for that tax.
Describe 2 types of standard cost variances that are used by management to assess both efficiency and effectiveness of comparing actual price to standard price.
List four current events that are occurring in our present economy. Describe one of these current events that you listed and the effect on the economy.
What is the present yearly net operating income or loss? What is the present break-even point in unit sales and in dollar sales?