What are the purposes of an audit program?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
Audit Programme provides basic plan for the audit team regarding the entitys nature of business how ...View the full answer
Answered By
Rajesh kumar yaramala
I AM A CA FINAL STUDENT AND I AM ONE STEP AHEAD OF MY PRESTIGIOUS DEGREE OF CA. AS I COMPLETED ONE OF TWO GROUPS IN CA FINAL. I HAVE 3 YEARS EXPERIENCE IN AN AUDIT FIRM AS AN ARTICLE ASSISTANT.MY WORK EXPOSURE IS MAINLY ON THE FOLLOWING
1.ACCOUNTING
2.AUDITING
3.TAXATION
4.FINANCIAL MANAGEMET
0.00
0 Reviews
10+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
What are the purposes of an audit program? Review Exhibit and identify the major items that should be included in an audit program.
-
What are the purposes of an audit program? What are the major issues that should be addressed in an audit program?
-
What are the purposes of a commercial invoice and a packing list?
-
On January 1, 2011, M Company granted 98,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2013 and expire on January 1, 2017. Each option can be...
-
How is feed related to speed in machining operations such as turning?
-
Consider a system 1 where a container is divided into two parts by an impermeable membrane. The two equal-size parts contain nitrogen and oxygen gases at the same pressure and temperature. The...
-
Is every expected future payment a liability?
-
Using the given information, calculate the gross requirements for each of the components when the company plans to build 100 of its Q Models if you have these inventories: 150 units of component T...
-
Tom, Dick and Harry entered into a partnership on 1st January 2015 and agreed to contribute shs. 220,000, shs. 180,000 and shs 200,000 respectively as capital for the business. An investigation into...
-
A manufacturer has acquired four small assembly plants, located in Charlotte, Tulsa, Memphis, and Buffalo. The plan is to remodel and keep two of the plants and close the other two. The table at the...
-
Why is it generally more efficient to test ending account balances rather than testing transactions throughout the year? Explain why the efficiency might change in a computerized environment with...
-
What are the important considerations (judgments) that determine what is included in an audit program?
-
In this problem, compute the acid-test ratio as follows: Current Assets Inventory/Current Liabilities Required Determine the cost of sales of a firm with the following financial data. Current ratio...
-
Why do organisations have SOPs (Standard Operating Procedures) for information management systems? Q 1.1c How will you ensure high levels of accuracy and productivity with data entry activities? Q...
-
(a) (i) Which of the following four vibrations shown in Figure 2.1 will be Infrared active, and which will be Raman active? Provide brief explanations for your selection. [8 marks] (ii) Why is the...
-
A tree nursery is comparing three shipping alternatives. The first alternative is to use a common carrier. There is no fixed cost with this alternative but the variable cost per shipment is $900. The...
-
Develop your narrative: You need to provide a brief background of the company detailing what the company does, and briefly discussing its financial position. You should also discuss the firm's...
-
Fill in the missing information in the following table. Assume that Portfolio AB is 40 percent invested in Stock A. (A negative value should be indicated by a minus sign. Do not round intermediate...
-
Use Worksheet 8.1. Brett Hardesty, 43, is a recently divorced father of two children, ages 9 and 7. He currently earns $95,000 a year as an operations manager for a utility company. The divorce...
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
On June 1, 20X13, Gary gave Gertrude a gift of stock worth $10,000, paying no gift tax on the transaction. Gary had purchased the stock for $7,500 in 20X11. On October 1, 20X13, Gertrude sold the...
-
Panzero Bread is a major retailer of specialty sandwich items and baked goods. The following information represents The auditor of Panzero Bread identifies the company as a client With high audit...
-
Refer to the previous problem. Use the framework for professional decision making from Chapter 4 to make a recommendation about how the auditor should resolve the dispute with management regarding...
-
What are the differences between the rollover method and the iron curtain method in terms of evaluating uncorrected misstatements?
-
Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.70 each. Its variable cost is $13.30 per house, and its fixed costs total $14,169.60 per year. Hawk currently has the capacity to...
-
Sales $710,000 Cost of goods sold 182,000 Gross margin 528,000 Selling and administrative expenses 151,900 Net operating income 376,100 Nonoperating items: Gain on sale of equipment 7,000 Income...
-
In class we have been assuming that all of government spending falls on domestic goods. Assume instead that a fraction falls on imports (such as capital equipment and military hardware): mg =...
Study smarter with the SolutionInn App