You have the following information relating to your one of the audit client. Budget (2015) Actual...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You have the following information relating to your one of the audit client. Budget (2015) Actual (2015) Tk. 200,679,176 100,989,326 40,087,746 Tk. 200,700,000 Revenue Cost of sales 100,700,000 Salaries & Allowances 49,000,000 Legal expenses 4,000,000 500,000 Repair and maintenace 552,000 2,500,000 Which of the abovesaid areas would you be most likely to investigate further as a result of carrying out analytical procedures? You have the following information relating to your one of the audit client. Budget (2015) Actual (2015) Tk. 200,679,176 100,989,326 40,087,746 Tk. 200,700,000 Revenue Cost of sales 100,700,000 Salaries & Allowances 49,000,000 Legal expenses 4,000,000 500,000 Repair and maintenace 552,000 2,500,000 Which of the abovesaid areas would you be most likely to investigate further as a result of carrying out analytical procedures?
Expert Answer:
Answer rating: 100% (QA)
As an auditor conducting analytical procedures I would be most likely to investigate furth... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Posted Date:
Students also viewed these accounting questions
-
What impact do attitudes have on consumer behavior?
-
A customer has a savings account with a balance of $10,000 in a bank that pays an annual interest rate of 2%. If the interest is compounded quarterly, calculate the amount of interest earned on the...
-
You have the following information for Gas Saver Plus. Gas Saver Plus uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 1,500 litres at a cost of 40...
-
What functions are normally associated with the production cycle?
-
The Frush Corporation has two different bonds currently outstanding. Bond M has a face value of $30,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $800...
-
The controller of Diaz Co. believes that the yearly allowance for doubtful accounts for Diaz Co. should be 2% of net credit sales. The president of Diaz Co., nervous that the stockholders might...
-
Analyzing marketing variances A manufacturing company makes three different sizes of bass boats. These boats are sold to distributors who outfit them for fishing by adding outboard motors and...
-
Lake Waburg Power Plant provides power to a metropolitan area of 4 million people. The plants controller, Sunny Hope, has just returned from a conference on the Environmental Protection Agencys...
-
I am having trouble with my assignment and need help. I do not even understan where to start. I have attached the assignment that I am having trouble with. Please help. P 9- 10 Smith and Jones, Inc....
-
Macon Machines Company began operations on November 1, 2024. The main operating goal of the company is to sell high end robots. Customers may pay using cash or if appropriate, credit is extended to...
-
Explain it in brief of all 1. What is the relationship among organizational structure, control systems, incentives, and culture? Give some examples of when and under what conditions a mismatch among...
-
Which perpetuity has a higher rate of return? explain why. Perpetuity A: $10,000 perpetuity that pays $500 per year Perpetuity B: $40,000 perpetuity that pays $1,500 per year
-
ABC hedge fund is a major market maker in certain securities and is also a proprietary trader in its distressed debt business. What is the difference between the two roles? Why can ABC hedge fund...
-
Using the following information, complete the required ones. Company A Company B Sales $413,547 15,741 Cost of sales (COGS) 18,821 8,313 Average Accounts Receivable (Average A/R) 1,582 1,357 Average...
-
How long will it take for an investment to triple if it is invested at 3.5% daily?
-
what an enterprise agreement is the principles of enterprise agreements that must be applied in maintaining payroll systems. 2. Identify and briefly describe one (1) other industrial instruments...
-
dule 2: Graphical Data Analysis - K < Ques Use the histogram below to a rate of adults in the gym. Heart Rates of Adu
-
Vectors are drawn from the center of a regular n-sided polygon in the plane to the vertices of the polygon. Show that the sum of the vectors is zero.
-
Duncans sells doughnuts. Data for a recent week are as follows. The manager estimates that, if Duncans increased the price of doughnuts from $1.75 to $1.93 each, weekly volume would be cut to 850...
-
A senior nurse manager working in an endoscopy clinic in the northern suburbs of Melbourne is contemplating issues that have surfaced with the purchase of a new endoscope (colonoscope) used to...
-
What role do the ASX Corporate Governance Councils Corporate governance principles and recommendations and the Corporations Act play in executive remuneration?
-
This information is for OBrien Corporation for the year ended December 31, 2012. Instructions (a) Prepare the 2012 statement of cash flows for OBrien Corporation. (b) Suppose you are one of OBriens...
-
The following data are derived from the 2009 financial statements of Southwest Airlines. All dollars are in millions. Southwest has a December 31 year-end. Instructions (a) After analyzing the data,...
-
Gabelli Corporation was formed on January 1, 2012. At December 31, 2012, John Paulus, the president and sole stockholder, decided to prepare a balance sheet, which appeared as follows John willingly...
Study smarter with the SolutionInn App