What criteria apply to the decision of auditors as to whether they can assist their client in
Question:
What criteria apply to the decision of auditors as to whether they can assist their client in non-audit ways?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Auditors must carefully consider several criteria when deciding whether they can assist their client in nonaudit ways The primary concern is maintaini...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
Ritz & Co., CPAs is a professional services firm located in Makati City that offers broad range of services to its clients including audit and assurance, tax services, and advisory and...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Develop two goals pertaining to your education, future career, or personal life. Each goal includes at least three objectives. Make sure your objectives include performance, conditions, and criteria....
-
What is activity-based management (ABM), and what specific management tools are used in ABM?
-
At December 31, 2013, Dustin Company reported this information on its balance sheet. Accounts receivable............ $960,000 Less: Allowance for doubtful accounts.... 78,000 During 2014, the company...
-
Which is preferable - the UK approach or the US approach to equal opportunities? What are the implications of each for all members of the organisation? LO6
-
Nicole Lawrence opened a business called Nickies Neat Ideas in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Office...
-
Use the following information for the Quick Study below. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,600 units (solar panels) in July and 4,700 units...
-
Quality control policies and procedures should be implemented at both the level of the audit firm and on individual audits states ISA(UK)220 Quality Control for an Audit of Financial Statements....
-
What is whistleblowing? When may an auditor inform the proper authorities of a breach of the law?
-
What is the difference between enterprise and equity value?
-
Question 2: (40 points: 10 each) During September, Sweet Foods manufactures a single product. The Company's material purchases amounted to 9,000 pounds at a price of $9.80 per pound. Actual costs...
-
E12-23 (Algo) (Supplement 12B) Preparing a Statement of Cash Flows, Indirect Method: T-Account Approach [LO 12-S2] Golf Goods Incorporated is a regional and online golf equipment retailer. The...
-
A symmetric compound channel in over bank flow has a main channel with a bottom width of 30 m, side slopes of 1:1, and a flow depth of 3m. The floodplains on either side of the main channel are both...
-
Solve these question in details and fully explaination. It is the pre-lab working for Capacitors. Thanks so much in advance. 1: The figure shows a circuit with a charged capacitor (left), two...
-
Exercise 10-14A (Algo) Straight-line amortization of a bond discount LO 10-4 Diaz Company issued bonds with a $112,000 face value on January 1, Year 1. The bonds had a 8 percent stated rate of...
-
Show that each summand in the differential equation for a Sturm-Liouville boundary value problem is self-adjoint. Then use the method of Exercise 7.5.21 to recover the self-adjoint form (11.155).
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
SSARS contain several procedures that are required when engaged to perform a compilation or review engagement. Below are ten statements that may or may not be relevant to a compilation or review...
-
In an engagement to review the financial statements of a nonpublic company, SSARS require the accountant to obtain review evidence that is primarily based on inquiries and analytical procedures. The...
-
Lucia Johnson, of Johnson and Lecy, CPAs, has completed the first-year audit of Tidwell Publishing Co., a publicly held company, for the year ended December 31, 2011. She is now working on a review...
-
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 18 units at $26 $468 Inventory Purchase Purchase...
-
Engineering Economics; Could you please solve all 3 questions, I'll give you a thumbs up, I have 1 hour left, thank you in advance sir.. 2.(20P) A company is planning to buy a minibus for 380 000 TL...
-
1 Anu Company-Solving for unknowns Anu Company produces chocolate almond bars. Each bar sells for 4. The variable costs for each bar (sugar. chocolate, almonds, wrapper, labour, and so on) amount to...
Study smarter with the SolutionInn App