Explain briefly why a clients accounting system is divided into subsystems (or audit segments) for audit purposes.
Question:
Explain briefly why a client’s accounting system is divided into subsystems (or audit segments) for audit purposes. State two bases on which this sub-division may be based.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
The clients accounting system is generally divided into subsystems also known as audit segments for ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
Question Posted:
Students also viewed these Business questions
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
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...
-
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...
-
Write a paper on Health-Care Fraud
-
When an electric cell is connected to a circuit, electrons flow away from the negative terminal in the circuit. But within the cell, electrons flow to the negative terminal. Explain.
-
For Caesar O'Neal, a nausea-free day is priceless. But for the hospital treating the 6-foot-8-inch University ofFlorida football player for liver cancer, the price ofdelivering that relief is...
-
House prices. An August 26, 2007, article in the New York Times reported that the median housing price was about $220,000. Would the mean selling price be higher, about the same, or lower? Why?...
-
Big Jim plows snow for five residential customers in northern New Hampshire. Placing a Cartesian coordinate system on a map of his service area, with his home at the origin (A), Big Jim located his...
-
Suppose you were a financial analyst trying to compare the performance of two companies. Company A uses the double-decliningbalance depreciation method. Company B uses the straight-line method. You...
-
Explain briefly the meaning of each of the following terms: (i) Internal control system. (ii) Control environment. (iii) Risk assessment process. (iv) Control activities. (v) Monitoring of controls....
-
Explain briefly what is meant by an accounting system.
-
1. A die is rolled twice. What is the probability that the two numbers are different? 2. A die is rolled three times. What is the probability of obtaining three different numbers? 3. A die is rolled...
-
You will be creating a Performance Improvement Plan to address an employee in the attached case study (see below). This is a scenario you may encounter in your future HR profession, so this...
-
For this prompt, consider your academic goals, including (but not limited to) such topics as how you plan to manage your time to fit in your studies; how you will build your skills, as needed; how...
-
1. An introduction of you as a leader (whether or not you see yourself as a leader, whether or not you like being a leader, what kinds of leadership roles you have had, etc.). 2. Summarize your...
-
Briefly, describe the firm in terms of the following items. a. Size in terms of market capitalization, annual revenue, number of employees, location(s). b. Discuss the financial position of the firm....
-
HealthyLife (HL) is a publicly-traded company in the Food Manufacturing Industry. HealthyLife has been around since the 1970s, and is mainly focused on the production and wholesale of "organic and...
-
A heating section consists of a 30 cm diameter duct which houses a 6 kW electric resistance heater. Air enters the heating section at 1 atm, 15oC and 33% relative humidity at velocity 8.5 m/s....
-
How can NAFTA be beneficial to suppliers of Walmart?
-
Explain the total cost approach and why it may cause conflicts in some firms. Give examples of how conflicts might occur between different departments.
-
Discuss why economies of scale in transportation might encourage a producer to include a regional merchant wholesaler in the channel of distribution for its consumer product.
-
Discuss some of the ways that air transportation can change other aspects of a Place system.
-
Imagine you are an Investor in the Stock Market. Identify three companies in the Korean Stock Market (KOSPI) where you would like to invest. Explain your answer
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
Study smarter with the SolutionInn App