Explain the relationship between the occurrence transaction-related audit objective and the existence and completeness balance-related audit objectives.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
There is a direct relationship of the occurrence t...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0134065823
16th edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Question Posted:
Students also viewed these Auditing questions
-
Explain the relationship between objectives and strategies.
-
Explain the relationship between application controls and transaction-related audit objectives.
-
The following are various audit procedures performed to satisfy specific transaction-related audit objectives as discussed in Chapter 6. The general transaction-related audit objectives from Chapter...
-
A psychologist shows a list of eight activities to a subject in an experiment. How many ways can the subject pick a first, second, and third activity? a. Identify the total number of objects n and...
-
Johnson Products is considering purchasing a new milling machine that costs $100,000. The machines installation and shipping costs will total $2,500. If accepted, the milling machine project will...
-
Stangl Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied...
-
Compute and record amortization of bond discount. (p. 403) AppendixLO1
-
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $398,930 due in 28 years. In other words, the company will need $398,930 in 28 years. Toni...
-
Denton Company manufactures and sells a single product. Cost data for the product are given Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and...
-
The Triad family of mutual funds allows investors to split their money between three portfolios managed by Triad. Portfolio C has an expected return of E[R] 10% and a standard deviation of returns of...
-
The information technology (IT) department at Jacobsons, Inc., consists of eight employees, including the IT Manager, Melinda Cullen. Cullen is responsible for the day-to-day oversight of the IT...
-
Indicate the four phases of the audit process. In which phase does the auditor perform tests of controls?
-
What is the relationship between stress and personality? What aspects of personality might tend to increase stress? Decrease it?
-
Moving Inc. wants to develop an activity flexible budget for the activity of moving materials. Moving Inc. uses forklifts to move materials from receiving to storeroom and then to production. The...
-
We are in the tail end of Quarter 3 earnings reporting season in the U.S. markets. Roughly 60 percent of companies that have reported their Q3 earnings so far have reported negative earnings relative...
-
Below is a running shock tube illustration. 0.1 0.0 | 0.0 4 4 Diaphragm 1 0.5 Image: Shock tube Initial setup 1 3 2 1 Expansion Head Expansion Tail Slip Shock Surface Image: Running Shock Tube...
-
As you may remember, Holiday Tree Services, Inc. (HTS) has recently entered into a contract with Delish Burger (Delish), whereby HTS is to supply and decorate a Christmas tree in each of Delish...
-
Understanding various types of leadership styles is important in order to determine personal leadership styles. Reflection: Answer both Compare and contrast 2 leadership styles. State the...
-
A 0.1052 g sample of in an 8.050 L sample of H 2 O(l) dry air at 30.1 C evaporates completely. To what temperature must the air be cooled to give a relative humidity of 80.0%? Vapor pressures of...
-
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
-
Define the sampling interval when using MUS sampling. How is it calculated?
-
Assume that the auditor tested an account receivable with a balance of $3,000 and determined that the audited value was $2,700. That is, the auditor determined the receivable was overstated by $300....
-
What are the most significant balance sheet and income statement accounts related to the acquisition and payment cycle?
-
Your firm is planning to invest in an automated packaging plant. Harburtin Industries is an all - equity firm that specializes in this business. Suppose Harburtin ' s equity beta is 0 . 8 7 , the...
-
Ned Allen opened a medical practice in Los Angeles, California, and had the following transactions during the month of January. (Click the icon to view the January transactions.) Journalize the...
-
do you need more information or are you working on this? Irene Watts and John Lyon are forming a partnership to which Watts will devote one- half time and Lyon will devote full time. They have...
Study smarter with the SolutionInn App