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1 nts Problem 6-02 As introduced above in the IDEA problems for Chapter 5, Roger Company is a mid- size company handles the distribution of
1 nts Problem 6-02 As introduced above in the IDEA problems for Chapter 5, Roger Company is a mid- size company handles the distribution of various home and garden products. You are part of the engagement team assigned to audit the financial statements of Roger Company. Roger Company has been a client of your firm for many years, and your firm has rarely encountered any problems with them. However, the engagement partner has made it very clear to you that there is no room for mistakes. Your tasks as one of the auditors on the engagement are outlined below and in other problems of the remaining chapters. eBook Print rences Please download the Roger Company IDEA files, if you haven't already. See instructions for obtaining the Roger Company files in the Chapter 5 assignment. 1. As part of the audit of Accounts Payable, you want to identify all invoices (Invoice_Amount) greater than $50,000 so that you can vouch the transaction to original documentation (i.e., approved purchase order, receiving records). Using the Roger Company Accounts Payable file identify the invoice numbers for all accounts payable invoices greater than $50,000. 2. Compute the total value of those transactions. (Round your "Total amount transactions" answer to 2 decimal places.) 1. Number of invoices greater than $50,000 Total value of all the tranctions greater than $50,000 2. 527,050.70 1 nts Problem 6-02 As introduced above in the IDEA problems for Chapter 5, Roger Company is a mid- size company handles the distribution of various home and garden products. You are part of the engagement team assigned to audit the financial statements of Roger Company. Roger Company has been a client of your firm for many years, and your firm has rarely encountered any problems with them. However, the engagement partner has made it very clear to you that there is no room for mistakes. Your tasks as one of the auditors on the engagement are outlined below and in other problems of the remaining chapters. eBook Print rences Please download the Roger Company IDEA files, if you haven't already. See instructions for obtaining the Roger Company files in the Chapter 5 assignment. 1. As part of the audit of Accounts Payable, you want to identify all invoices (Invoice_Amount) greater than $50,000 so that you can vouch the transaction to original documentation (i.e., approved purchase order, receiving records). Using the Roger Company Accounts Payable file identify the invoice numbers for all accounts payable invoices greater than $50,000. 2. Compute the total value of those transactions. (Round your "Total amount transactions" answer to 2 decimal places.) 1. Number of invoices greater than $50,000 Total value of all the tranctions greater than $50,000 2. 527,050.70
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