Discuss the auditor's responsibility for an accurate physical inventory.
Question:
Discuss the auditor's responsibility for an accurate physical inventory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
An auditors responsibility for an accurate physical inventory primarily involves evaluating whether the clients inventory counts are being conducted a...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
In the 1980s, Crazy Eddie was a fast-growing electronics retailer business specializing in stereos, televisions, VCRs, and computer gaming systems. Founded by Eddie Antar, Crazy Eddie was well known...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
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...
-
PROJECT SUMMARY: You have been asked to submit a proposal to a client, Sara Johnson, who is moving the small firm to a new office location. The proposal is on the analysis and design of the office...
-
Let a = (a. b, c)T R3 be a fixed vector. Prove that the cross product map La[v] = a v, as defined in (5.2), is linear, and find its matrix representative.
-
What is the difference between principles-based and rules-based accounting standards? What evidence indicates that U.S. GAAP is rules-based?
-
Ernie Lobb, the cost accountant for Superior Mower Company, recently in- stalled activity-based costing at its St. Louis lawn tractor (riding mower) plant where three models-the 8-horsepower Blade...
-
Joey Cuono started his own consulting firm, Cuono Company SpA on June 1, 2017. The trial balance at June 30 is shown below. In addition to those accounts listed on the trial balance, the chart of...
-
Required information [The following information applies to the questions displayed below.] Morning Sky, Inc. (MSI), manufactures and sells computer games. The company has several product lines based...
-
How does the auditor guard against inclusion in the final inventory listing of count sheets or tags containing fictitious inventory items?
-
What analytical procedures may an auditor apply to inventories?
-
Find the value of dy/dx at the point (1, 1) on the curve given by the equation 0 = x - x - - EX
-
For a sample of size n = 15, the following values were obtained: b0 = 3.71, b1 = 8.38, se = 1.13, (x x)2 = 7.71, x = 13.16. Construct a 95% prediction interval for an individual response when x = 8.
-
What does the responding party need to do to object to a motion for summary judgment?
-
Which of the following is least likely to be detected by an internal control system? a. Duplicate payments to suppliers. b. Deviations from written procedures. c. Fraudulent actions by an individual...
-
Assume that as a government auditor you have been asked to evaluate an energy growth model. The model relies on historical data and uses econometric techniques to estimate the parameters in the...
-
Organization charts of the activity being audited are useful to the internal auditor because they: a. Depict informal lines of communication. b. Provide good internal control. c. Ensure a proper...
-
A coil of wire 0.1 m long and having 15 turns carries a current of 1.0 A. (a) Compute the flux density if the coil is within a vacuum. (b) A bar of an iron???silicon alloy, the B-H behavior for which...
-
A Alkynes can be made by dehydrohalogenation of vinylic halides in a reaction that is essentially an E2 process. In studying the stereochemistry of this elimination, it was found that...
-
The next eight questions cover income tax filing requirements for Oregon Larry is 26 years old and will use the single filing status. He was a full-year resident of Oregon and has no dependents. For...
-
As a junior associate for a CPA firm, you are asked to fomulate a plan for a client about audit services. The client has a passing knowledge of internal and external risks, the Sarbanes-Oxley Act,...
-
During the month of June?, Richardson?, Inc. had transactions that resulted in the following amounts being recorded in its Cash? account; (1) $ 1 comma 800 ?debit, (2) $ 450 ?credit, (3) $ 325...
Study smarter with the SolutionInn App