October 8‚ 2009 To: Audit Team Anderson‚ Olds‚ and Watershed Re: Analytical Procedures Audit Risks: After analyzing the financial statements of Peach Blossom Cologne Company‚ we have concluded through the change analysis the following accounts contain some measure of audit risk. In analyzing the change analysis we concluded on threshold amounts of any change exceeding 15% and above the amount of $5000. If both criteria were met‚ a business reason and possible client error reason were provided
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Comparative Essay of Asian Literature Prompt: Compare and contrast the types of love and romance as portrayed in The Peach Blossom Fan and Life of a Sensuous Woman. How do the lovers meet? What keeps them apart? How do the stories end? What do such differences say about the cultures that produced these works? In The Peach Blossom Fan‚ the two lovers‚ Hou and Li go through a difficult journey. In the beginning‚ Hou meets this beautiful prostitute named Li and they are eventually married. As
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TB - BS Peach Blossom Cologne Company Working Trial Balance - Balance Sheet 12/31/2009 Working Paper Reference Per Audit 12-31-08 Per Books 12-31-09 Per Audit 12-31-09 Adjustments Credit Debit Assets: 101 Cash-Big City National Bank 105 Accounts receivable 106 Allowance for bad debts 339‚415 124‚021 (10‚485) 420‚678 235‚380 B-1 (4‚800) B-1 109 Inventory 777‚152 600‚580 110 Investments - Trading Securities - - 111 Dividends Receivable 112 Interest Receivable 201 Investments - Held
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Assignment #3 Accounts Receivable and Credit Sales Part A--Optional Exercises 1. Credit Sales System Flowchart Peach Blossom Cologne Company Credit Sales system Flowchart December 31‚ 2009 2. Analysis of Internal Control Strengths CSF‑1 Peach Blossom Cologne Company Credit Sales System Internal Control Strengths Strength Segregation of Functions 1. Segregation among sales‚ stores‚ shipping‚ and accounts receivable. Authorization 2. Credit sales are approved before shipment
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STANDARD ENGAGEMENT LETTER (Second Paragraph Can Be Modified to Alternative Billing Arrangements) Re: ABC Matter Dear Mr. _______________: We are pleased that you have selected our Firm for legal consultation and services in connection with the sale of the ABC Property. We are pleased that you have considered us for your legal needs‚ and assure you that each member‚ associate and employee of this Firm will do his or her utmost to fulfill these needs in a courteous and expeditious manner
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..................................................... 1-4 Audit Engagement Letters ............................................................................. 5-9 Recurring Audits ............................................................................................ 10-11 Acceptance of a Change in Engagement ........................................................ 12-19 Appendix 1: Example of an Audit Engagement Letter Appendix 2: ISA 210 Amended as a Result of ISA 700 International
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Apollo Shoes Engagement Letter Larry Lancaster President & Chairman Apollo Shoes 100 Shoe Plaza Shoetown‚ ME 00001 Dear Mr. Lancaster: The memo verifies the agreement of the purpose of the engagement and the quality and constraints of the services the firm offers. Talbot Auditing Firm will review the financial statements of Apollo Shoes at the end of the year. Talbot auditing firm will review the accounts such as the operations records‚ retained earnings‚ and cash flow accounts. An
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Apollo Engagement Letter University of Phoenix Anderson‚ Old‚ and Watershed‚ CPA’s‚ LLC Shoetown‚ ME 00001 October 26‚ 2007 Mr. Larry Lancaster President and Chairman Apollo Shoes‚ Inc. Dear Mr. Lancaster: This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide. We will audit the consolidated balance sheet of Apollo shoes as of December 31‚ 2008‚ and the related consolidated statements
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17th November 20xx Bits & Bytes Computing Services 2 Complex Street Sydney NSW 2000 Dear John Re: Engagement of 4 All Accounts (NSW) as Bookkeeper and BAS Agent Thank you for engaging me to work as your bookkeeper and BAS Agent. I look forward to working with you. As agreed during our meeting on 12th November 20xx‚ the scope of work that you require me to provide is as set out below:- 1. Provide bookkeeping services as follows: a. Process sales transactions b. Process purchase transactions
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AUDIT ENGAGEMENT LETTER To the governing body Hood Furniture‚ Inc. Dated August 30‚ 2007 Dear Mr. Conrad Saws‚ As certified public accountant licensed to do audits in Oregon‚ we are happy that you have engaged our firm to audit your financial statements as of December‚ 31‚ 2007 and for the year then ended. This letter will substantiate our understanding of the arrangements regarding the financial audit we shall be making of the Hood Furniture Inc as of and for the year ended December 31‚ 2007
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