Week 3 assignment – Assertions and Audit evidence ACC 490 September 17‚ 2012 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. * Valuation or allocation assertion 2. All accounts payable owed as of the balance sheet date are included in the financial statements. * Existence or occurrence assertion
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Homework 6 30 points Refer to the files‚ “Chapters 11 and 12 Notes” in Section 6 and your textbook Chapters 11 and 12 to help you answer the questions below. This assignment has 3 pages‚ make sure to respond to all 5 questions in this assignment. Submit questions with the answers inserted within the paragraphs or below as appropriate. Answers should be in bold‚ CAPITALIZED‚ or highlighted or points will be deducted. 1. (5 points) Utilize Table 11-11 to fill in the blanks below regarding Complementary
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Chapter 6 Questions 38.) a.) Teal Corporation would have a taxable gain of $70‚000 on the property distribution ($250‚000-$180‚000). The gain would be ordinary or capital depending on the type of property distributed. The E&P of Teal would increase by $70‚000 and decrease by $250‚000. Teal’s E&P also would be decreased by the amount of tax due on the gain. Grace would have dividend income of $250‚000 and a basis in the property of $250‚000. b.) The tax consequences to Teal Corporation would be
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Unit 6 questions Chapter 16: 1) Along with railroads‚ the Republicans’ protective tariffs helped build other U.S. industries‚ including textile and steel manufacturing in the Northeast and Midwest and (through a tariff on imported wool) sheep ranching in the West. Tariffs also funded government itself. Tariffs provided the largest share of revenue for the treasury‚ and helped fund the projects. 2) Farmers on the Great Plains faced the challenge of a hostile environment. In the grasslands‚ a cloud
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When subordinates succeed‚ praise them. When they fall short‚ give them credit for what they have done right‚ but advise them on how to do better. When motivating with words‚ leaders should use more than just empty phrases; they should personalize the message. 1-14. Indirect approaches can be as successful as what is said. Setting a personal example can sustain the drive in others. This becomes apparent when leaders share the hardships. When a unit prepares for an emergency deployment‚ all key leaders
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Chontella Comprehensive Exam Jan‚ 2011 Research Methods Describe questionnaires‚ interviews‚ observational methods and case studies. What are the strengths and weaknesses of each? a. Compare and contrast qualitative research and quantitative research. b. What are the goals‚ advantages‚ and disadvantages of descriptive‚ correlational‚ and experimental designs? A questionnaire is a technique that used for collecting data in a survey. It is a series of questions to which
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Outline the role of the National Disability Authority 4 Name and describe three pieces of current legislation of importance to people with disabilities 5 Research and create a checklist‚ suitable to use for an access audit of a building of your choice 8 Carry out the access audit using the prepared checklist‚ clearly recording your results and findings 9 Critically evaluate your results and findings 11 Make a list of recommendations based on your results and findings and your knowledge of the
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Audit Risk and Materiality MULTIPLE CHOICE: 1. An auditor compares 2002 revenues and expenses with those of the prior year and investigates all changes exceeding 10%. By this procedure the auditor would be most likely to learn that a. An increase in property tax rates has not been recognized in the client ’s accrual. b. The 2002 provision for uncollectible accounts is inadequate‚ because of worsening economic conditions. c. Fourth quarter payroll taxes were
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answering challenge questions answering challenge questions [SECTION TITLE] 1 2 CONTENTS Practical experience requirements (PER) 4 challenge questions 5 sample answers 01 Demonstrate the application of professional ethics‚ values and judgement 6 03 Raise awareness of non-financial risk 7 04 Manage self 8 05 Communicate effectively 10 08 Improve departmental performance 12 10 Prepare financial statements for external purposes 13 13 Contribute to budget
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AUDIT DELAY AND THE TIMELINESS OF CORPORATE REPORTING: MALAYSIAN EVIDENCE Raja Adzrin Raja Ahmad* Khairul Anuar Kamarudin* * Lecturers‚ MARA University of Technology‚ Malaysia ABSTRACT This paper investigates the determinants of audit delay in Malaysia. The sample comprises 100 companies listed in the Kuala Lumpur Stock Exchange during the period 1996-2000. Descriptive statistics indicate the audit delay to be more than 100 days for the five years under study with a minimum standard deviation of
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