List three factors that affect an auditor's preliminary risk identification.
Question:
List three factors that affect an auditor's preliminary risk identification.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
An auditors preliminary risk identification involves assessing factors that may affect the risk of material misstatement in an organizations financial ...View the full answer
Answered By
Chiranjib Thakur
I have no tutoring experience yet, but I can share my skills and knowledge gained from my education and work experiences. I have been a CPA since 2012 with 6 years of work experience in internal auditing and 4 years of work experience in accounting at the supervisory level.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 9781118878415
1st Extended Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
You have just been hired by a large regional CPA firm and you have been assigned to audit the inventory account of $3,000,000, which represents 30% of the assets of the company. Audit standards...
-
Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000,...
-
Explain why workstation designers should endeavor to have operators perform work elements without having to lift their elbows.
-
Delta manufactures only product X in series. At the end of February, there were 200 units in product X being manufactured, and they had 60% of the services performed. These units were completed in...
-
Which of the following is a service department? (a) Finishing department (b) Refining department (c) Receiving department (d) Machine department
-
At its Lyle Avenue plant, Milan Pasta produces two types of pasta: spaghetti and fettuccine. The two pastas are produced on the same machines, with different settings and slightly different raw...
-
The Shirt Shop had the following transactions for T-shirts for Year 1. its first year of operations Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 80 units 220...
-
What are related parties?
-
What are the three main stages of the audit?
-
CVP; margin of safety) Harry Potted grows corn in Nebraska. He currently sells his corn at $2.25 per bushel. Variable costs associated with growing and selling a bushel of corn is $1.80. Annual fixed...
-
Given the following memory status below, compute how much does it cost to compact holes together with the following compaction strategies if 1 kbyte of movement costs 50 centavos. 0. OS OS OS OS OS...
-
ITG Pte Ltd ("ITG") is a company specialising in air-conditioner maintenance and servicing. It makes adjusting and closing entries every 31 December, which is the company's financial year-end. Unless...
-
(20 points) We know that when we have a graph with negative edge costs, Dijkstra's algo rithm is not guaranteed to work. (a) Does Dijkstra's algorithm ever work when some of the edge costs are...
-
Create a new user called cis605_usr. Use Master. assign a password of abcd, set check_policy to off and check_expiration to off (Why set these two to off?). Execute the sp_addsrvrolemember to add the...
-
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Units...
-
Salaries for the research and development department of Richman Chemical are given as $48,397; $27,982; $42,591; $19,522; $32,400; and $37,582. a. Find the mean rounded to the nearest dollar. b. Find...
-
What is master production scheduling and how is it done?
-
The following are possible audit data analytics that an auditor could perform: 1. Analyze the inventory by SKU for a retailer to assess if there is a problem with net realizable value. 2. Develop a...
-
List and describe three things the auditor should consider when designing a visual that will impact its effectiveness.
-
Give two benefits of using an ADA as a test of details.
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App