How are computer-assisted audit techniques likely to be used when auditing accounts receivable of a retail entity?
Question:
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
1 Clerical testing of the accounts receivable files and resulting general ledger balan...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Question Posted:
Students also viewed these Auditing questions
-
Of the following, the energy source likely to be used up first is a. coal b. oil c. natural gas d. nuclear
-
What audit procedures are most likely to be used to verify accounts receivable written off as uncollectible? State the purpose of each of these procedures.
-
a. Is a private placement more likely to be used for issues of seasoned stock or seasoned bonds by an industrial company? b. Is a rights issue more likely to be used for an initial public offering or...
-
Solve for y' y' = y = 71-x 3
-
In the equation 2PbS + O2 2PbO + 2SO2, how many oxygen atoms are there on the right side? Is the equation balanced as written?
-
\(A ightarrow F ightarrow K ightarrow P\) Identify each sequence of vertices from the figure as a walk, trail, and/or path. Select all that apply. A B D E F G H I K L M N O P
-
How does off-peak pricing influence demand for services?
-
Selected data concerning the past years operations of the Lone Star Leather Company are as follows: Required: 1. What was the cost of raw materials purchased during the year? 2. What was the...
-
The following information relates to Adele Ltd. Since the date of acquisition, Adele Ltd has held interests in multiple subsidiaries totalling DNCI of 25%, and INCI of 15%. The following summarised...
-
Consider the below table of 6 observations. Values of X1 and X2 are used to predict the outcome Y. When Y is 1 the outcome is considered to be positive. What is the Gini impurity of the given data...
-
Why is the Contractual Discount account important to service revenue for a health-care provider? How does the auditor examine the contractual discount transactions and balances?
-
What types of audit reports are issued for financial statement audits? Are all of those types of reports likely to be issued for audits of public companies? If not, which ones are not likely used and...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). The conditional statement p q is ________ only when p is true and q is false.
-
Think back to a time you experienced a communication breakdown in a personal or social setting (something you're comfortable discussing with the class in a public forum). 1. Did you figure out why...
-
Imagine you are visiting your aunt, who is a patient in a hospital in a nearby city. While you are sitting at her bedside, you hear a lot of noise at the nurses' station, as if they are having a...
-
Using Houseplan #5 on page 4 of the Measurement supplement(below), determine the cost of pouring the 9 inch thick concreteslab for this home, assuming that the porch will also be on thefoundation....
-
Recall from lecture that Flip-Flap Railway is an old roller coaster that was built in a circle. It has a diameter of 25 ft and riders entered the ride at a speed of 45 mph. At the top of the loop,...
-
Small Fry Design, founded in 1997, is a toy and accessories company that designs and imports products for children. The company's line of merchandise includes teddy bears, musical toys, rattles and...
-
\(B \cap(A \cap D)\) Determine the union or intersection of the sets as indicated. \(A=\{2,4,6,8,10,12\}, B=\{4,8,12,16,20\}, C=\{8,16,24,32,40\}\), and \(D=\{10,20,30,40,50\}\).
-
Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...
-
If you eat a pound of pasta, will you gain a pound of weight? Why not?
-
Identify three audit procedures (other than Search for unrecorded accounts payable) that are concerned directly or indirectly with disclosing unrecorded accounts payable.
-
What do you consider to be the most important single procedure in the auditors search for unrecorded accounts payable? Explain.
-
What is the purpose of the auditors review of cash payments subsequent to the balance sheet date?
-
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
-
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
-
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....
Study smarter with the SolutionInn App