Jessica Schmitt Auditing Chapter 9‚ problem 9-28 A. Since there are no specific materiality guidelines‚ it is the auditor’s professional judgment that must be used to determine the appropriate preliminary estimates of materiality. I used the guidelines listed on pg 251 in figure 9-2: Statement Percent Guideline Dollar Range (in thousands) Earnings from continuing operations before taxes 3-6 % $12‚500-$25‚100 (rounded) Current Assets 3-6 % $67‚600-$135‚200 (rounded) Current Liabilities 3-6 %
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
Inventories Additional Valuation Issues ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) TopicsQuestionsBrief ExercisesExercisesProblems Concepts for Analysis1.Lower-of-cost-or-market.1‚ 2‚ 3‚ 4‚ 5‚ 61‚ 2‚ 31‚ 2‚ 3‚ 4‚ 5‚ 61‚ 2‚ 3‚ 9‚ 101‚ 2‚ 3‚ 52.Inventory accounting changes relative sales value method net real-izable value.7‚ 847‚ 83.Purchase commitments.95‚ 69‚ 10964.Gross profit method.10‚ 11‚ 12‚ 13711‚ 12‚ 13‚ 14‚ 15‚ 16‚ 174‚ 55.Retail inventory method.14‚ 15‚ 16818‚ 19‚ 20‚ 22‚ 23‚ 266‚ 7‚ 8
Premium Revenue Inventory Profit margin
Solutions for Chapter 2 True/False Questions 2-1 F 2-2 F 2-3 T 2-4 F 2-5 T 2-6 T 2-7 F 2-8 T 2-9 F 2-10 T 2-11 T 2-12 F Multiple Choice Questions 2-13 B 2-14 B 2-15 B 2-16 E 2-17 D 2-18 C 2-19 C 2-20 D 2-21 A 2-22 D 2-23 E 2-24 B Review and Short Case Questions 2-25 Fraud is an intentional act involving the use of deception that results in a material misstatement of the financial statements. Two types of misstatements are relevant to auditors’ consideration
Premium Auditing Audit Auditor's report
9 Sinusoidal Steady State Analysis Assessment Problems AP 9.1 [a] V = 170/−40◦ V [b] 10 sin(1000t + 20◦ ) = 10 cos(1000t − 70◦ ) . ·. I = 10/−70◦ A [c] I = 5/36.87◦ + 10/−53.13◦ = 4 + j3 + 6 − j8 = 10 − j5 = 11.18/−26.57◦ A [d] sin(20‚000πt + 30◦ ) = cos(20‚000πt − 60◦ ) Thus‚ V = 300/45◦ − 100/−60◦ = 212.13 + j212.13 − (50 − j86.60) = 162.13 + j298.73 = 339.90/61.51◦ mV AP 9.2 [a] v = 18.6 cos(ωt − 54◦ ) V [b] I = 20/45◦ − 50/ − 30◦ = 14.14 + j14.14 − 43.3 + j25 = −29.16 + j39.14 = 48.81/126
Premium Pearson Education Upper Saddle River, New Jersey Copyright
CHAPTER 15 Multiple-Choice Questions 1. easy A sample in which the characteristics of the sample are the same as those of the population is a(n): b a. variables sample. b. representative sample. c. attributes sample. d. random sample. 2. easy When the auditor decides to select less than 100 percent of the population for testing‚ the auditor is said to use: a a. audit sampling. b. representative sampling. c. poor judgment. d. none of the above. 3. In practice‚ auditors
Free Sampling
Macroeconomics‚ 5e (Hubbard) EC 212 – Chapter Nine Homework Assignment_SOLUTIONS Chapter 9 Unemployment and Inflation 1) Due to slowing growth in China and other developing countries‚ Caterpillar ________ the number of persons it employed in 2013 and this ________ the total number of persons unemployed in the economy. A) decreased; increased B) decreased; decreased C) increased; decreased D) increased; increased Answer: A Diff: 1 Page Ref: 629/263 Topic: The Unemployment Rate Learning Outcome:
Premium Unemployment
Auditing‚ 12e (Arens) Chapter 1 The Demand for an Auditing and Assurance Profession 1.1 Identify the components of an audit and explain why there is a demand for audits 1) Which of the following illustrates the definition of auditing with respect to the evidence analysis process? A) accumulation and evaluation of evidence about balance sheet accounts B) learning about different types of computing technology‚ such as mainframes C) writing an operational audit report that is tailored to the client’s
Premium Auditing Financial audit Audit
Solutions manual to Auditing and Assurance Services 12 th by: Alvin A Arens‚ Randal J Elder‚ Solutions manual to Auditing and Assurance Services 12 th by: Alvin A Arens‚ Randal J Elder‚ Source: http://sci.tech−archive.net/Archive/sci.math/2009−01/msg01710.html • From: sendsolutions • Date: Thu‚ 15 Jan 2009 07:14:06 −0800 (PST) solutions manual (To search click in keyboard Ctrl+F) Solutions Manuals in Electronic (PDF)Format! Just contact with ‚ sendsolutions (at) hotmail.com (my email
Premium Chemical engineering Chemistry Applied mechanics
Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions ← Review Questions 14-1 a. The bill of lading is a document prepared at the time of shipment of goods to a customer indicating the description of the merchandise‚ the quantity shipped‚ and other relevant data. Formally‚ it is a written contract of the shipment and receipt of goods between the seller and carrier. It is also used as a signal to bill the client. The original is
Premium Invoice Accounts receivable
CHAPTER 2 Professional Standards LEARNING OBJECTIVES | | | | | | |Exercises‚ Problems‚ and | | |Review Checkpoints |Simulations | |
Premium Auditing Audit Auditor's report