This work comprises ACC 491 Week 5 Audit Sampling Case Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare a 1‚400- to 1‚750-word memo to the Audit Partner‚ John Smith‚ summarizing your findings from the following case: Ch. 13: Case: Mt. Hood Furniture—PPS sampling problem Case 13-36 Also‚ since John Smith is primarily a visual person‚ he has asked for all memos to be summarized and put into a presentation. Prepare 10-15 Microsoft®
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Auditing Sample Case Study Memo Team D (Wayne Brown‚ Melissa Ginez‚ Matthew Gourlie‚ Juel Rypka) University of Phoenix ACC/491 Alisa Dumond December 19‚ 2011 ------------------------------------------------- interoffice memorandum to: John Smith‚ CEO Key west company from: Audit Team D subject: Audit Findings for Key West Company date: 12/18/2011 ------------------------------------------------- Dear Mr. Smith The purpose of this memo is to communicate to you the results
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ACC 491 Week 5 Team Study Guide Audit Sampling Case Memo - www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-5-team-assignment-audit-sampling-case-memo-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: This tutorial includes 12 pages‚ 1‚965 words‚ and three references in correct APA format. A+++ WORK! Resources: Ch. 13 of Modern Auditing: Assurance Services and the
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This document of ACC 490 Final Exam shows the solutions to the following problems: 1. Within the generally accepted auditing standards‚ the general standards relate primarily to 2. The essence of the due care? standards is that the auditor should not be quilty of 3) Gross negligence can best be defined as 4) Section 18 liability is relatively narrow in scope because it relates only to a false or misleading statement in documents "filed" with the 5) For a particular assertion
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ACC 490 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-490-Final-Exam-2-163.htm 1. An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity’s operating activities in relation to specified objectives is a(n): 2. When providing audit services‚ the CPA is expected to be: 3. Which one of the following services is often performed on public companies’ interim financial statements and nonpublic
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Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following
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The purpose of this memo is to describe the sampling process and illustrate how sampling can be used during an audit. This memo will begin by defining what sampling is‚ when it should be used‚ and the risks associated with it. The memo will then continue to describe the basic steps involved with sampling‚ define terms within those steps‚ and describe the use of sampling in the audit by identifying two situations in which sampling is used in an audit. Sampling is the objective of which is to make
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Audit Planning Memorandum for Database Environment Date | 02/04/2013 | To | Audit Senior Management | School Board | Temple University | Prepared By | Shan Jiang | ------------------------------------------------- Background Types of RDBMS: MySQL 5.0 - an open-source database used extensively in small or medium-sized web applications. One of the simplest databases to secure from hacking because of the small attack surface it exposes Number of DB servers: 3 Business units rely
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ACC 490 Final Exam Guide http://www.assignmentcloud.com/ACC-490/ACC-490-Final-Exam-Guide 1. An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity’s operating activities in relation to specified objectives is a(n): a. internal audit. b. external audit. c. operational audit. d. compliance audit. e. financial statement audit. 2. When providing audit services ‚ the CPA is expected to be: a. independent of the
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Objective 4. The objective of the auditor when using audit sampling is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected. Definitions 5. For purposes of the PSAs‚ the following terms have the meanings attributed below: (a) Audit sampling (sampling) – The application of audit procedures to less than 100% of items within a population of audit relevance such that all sampling units have a chance of selection in order to provide
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