a. What factors should an auditor consider in deciding whether financial statements are in conformity with GAAP?
Question:
a. What factors should an auditor consider in deciding whether financial statements are in conformity with GAAP?
b. What is the GAAP hierarchy and how is it organized?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a An auditor should consider several factors in deciding whether financial statements are in conformity with Generally Accepted Accounting ...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The responsibility of auditors for detecting fraud has increased as users have made it clear that they expect auditors to detect material fraud. Required a. In addition to dollar amounts, what other...
-
What factors should an auditor consider prior to accepting an engagement? Explain.
-
What factors should an auditor consider prior to accepting an engagement?
-
Approximately 8.33% of men are colorblind. You survey men from a large population until you find one who is colorblind. a. Explain in words what X is in this situation and what values it can take. b....
-
The molar heat capacity of a liquid is normally greater than its vapor-phase heat capacity at modest pressure and the same temperature. Why?
-
Jack's Construction Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yielding 8.5%. The company also has 4 million shares of common stock...
-
Zaki Metal Company produces the steel wire that goes into the production of paper clips. In 2002, the first year of operations, Zaki produced 40,000 miles of wire and sold 30,000 miles. In 2003, the...
-
Refer to the financial statements for Gilsig Inc. in Problem 12-77A. In problem Gilsig Inc. owns and operates a small chain of sportswear stores located near colleges and universities. Gilsig has...
-
The diagram shows the sample space of all equally likely outcomes. Find the probability of rolling two 2's. Express your answer as a fraction in simplest form. . . . . . . 11 ........ :: 988 36 X- 16...
-
a. What pronouncements are recognized as promulgated accounting principles? b. Must a company always comply with promulgated accounting principles under Ethics Rule 203?
-
State the four generally accepted standards of reporting.
-
Discussed four general methods for coping with complexity: modularity, abstraction, hierarchy, and layering. a. Which of those four methods does virtual memory use as its primary organizing scheme?...
-
What is meant by hot-working and cold-working, and what effect does each have on the mechanical properties of metals [7 marks] (b)Sketch how the density, strength and ductility of a simple Powder...
-
Given the following block of C code. Write down the contents of array b after the following codes are executed. The results are not cumulative (i.e., part (b) is independent of the part (a), etc.)...
-
Audit quality and earnings management by listed firms in NigeriaLinks to an external site.. Journal of Accounting, Finance and Auditing Studies, https://doi.org/10.32602/jafas.2022.037 Describe the...
-
Hans Jensen, general manager of a Mr. Clean and Company, has provided the following information for transaction that occurred during August. The production plant uses the JIT costing system. Raw...
-
Consider the following conceptual representation for a linked list. head references the first node in the list. Suppose that each node points to the next node as shown (4 marks). head hello ===>...
-
Tert-Butyl ethers can be prepared by the reaction of an alcohol with 2-methyipropene in the presence of an acid catalyst. Propose a mechanism for this reaction.
-
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
-
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for...
-
Southern Comfort company reported net income equal to $100. The company reported no depreciation expense but did report a loss on the sale of equipment equal to $5. In addition the balance sheet...
-
All of the following are examples of unethical behavior except: 1. Hiring your unqualified brother-in-law because he is a family member 2. Inflating the firm's earnings in-order-to improve earnings...
Study smarter with the SolutionInn App