Subsequent events occur after the last day of a client's fiscal year and on or before the
Question:
Subsequent events occur after the last day of a client's fiscal year and on or before the report date. Why would an auditor be concerned about transactions and events subsequent to the period reported on?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
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...
-
The following are independent situations for which you will recommend an appropriate audit report: 1. Subsequent to the date of the financial statements as part of his post-balance sheet date audit...
-
Why would an auditor be concerned about a potential client with an overworked accounting staff? With a potential client that has had multiple turn-over of people in top accounting positions?
-
What are decision support systems, and what role do they play in the business environment?
-
Product A has a contribution margin of $300 per unit and requires six hours of machine time. Product B requires eight hours of machine time and provides $400 of contribution margin per unit....
-
Apply the Q test to the following data sets to determine whether the outlying result should be retained or rejected at the 95% confidence level. (a) 85.10, 84.62, 84.70 (b) 85.10, 84.62, 84.65, 84.70
-
What is meant by the expression committed cost? How do committed costs arise? R-4
-
Protection Alarm Co. made a contract to provide burglar alarm security for Fretwells home. The contract stated that the maximum liability of the alarm company was the actual loss sustained or $50,...
-
Budget Preparation Reeves Company is preparing its master budget for July. Use the given estimates to determine the amounts necessary for each of the following requirements. ( Estimates may be...
-
In 1997 and 1998, an auditor found that approximately 4 percent of processed sales invoices were not mathematically accurate. In late 1998, the client implemented a control requiring that all sales...
-
Why is coordination with the client prior to beginning year end audit work especially important?
-
The Manchester Corporation has warrants presently outstanding, and each warrant entitles the holder to purchase one share of the companys common stock at an exercise price of $20 a share. If the...
-
Problem 13-11: Cost of Production Report with Normal and Abnormal Spoilage. The NIDO Company uses the FIFO method of process costing. It has two departments: Cleaning and Milling. For both...
-
You, CPA, work as an analyst for Glo Inc., a publicly traded and rapidly growing cosmetic company. Glo's products retail at a popular beauty store chain across Canada. Recently, Glo has been...
-
To minimize downtime and ensure the high availability of critical services, an organization seeks to evaluate the readiness and effectiveness of its backup systems under real-world conditions. This...
-
The partnership agreement of Angela and Dawn has the following provisions: 1. The partners are to earn 10 percent on the average capital. 2. Angela and Dawn are to earn salaries of $25,000 and...
-
Calculate the volume in milliliters of a 2.05M calcium bromide solution that contains 25.0 g of calcium bromide (CaBr.). Round your answer to 3 significant digits. ml D-P
-
After the partnership had been operating for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. Kim withdraws from the partnership by selling her interest in the...
-
A handrail, which weighs 120 N and is 1.8 m long. was mounted to a wall adjacent to a small set of steps (Figure P4.26). The support at A has broken, and the rail has fallen about the loose bolt at 8...
-
Exercise B - 1 9 ( Algo ) Using present and future value tables LO C 1 , P 1 , P 2 , P 3 , P 4 For each of the following situations, identify ( 1 ) the case as either ( a ) a present or a future...
-
Zvinakis Mining Company paid $ 2 0 0 , 0 0 0 for the rights to mine lead in southeast Missouri. The cost to drill and erect a mine shaft was $ 2 , 4 0 0 , 0 0 0 , and equipment to process the lead...
-
[ 0 / 1 Points ] If you are not self - employed and earn $ 7 7 , 2 1 1 , what are your FICA taxes?
Study smarter with the SolutionInn App