II$.$ Critical Thinking and Writing Skills $(45$ points$)$

A$.$ In August, your new work assignment is the audit of Miramar Company's financial statement of $6/30/2024.$ The Manager in Charge gives the following audit assignment: Prepare a brief presentation that describes:

Five attributes of accounting system related to account payable.

Five consideration when reporting accounts receivables

The presentation is going to use in the training junior auditor assign to the audit. $(15$ points$)$

B$.$ Your client, McCoy Manufacturing, wants an audit so he can tell his bank that his financial statements have been certified to be $100\%$ accurate. Explain why you, the auditor, are unable to provide absolute assurance on the accuracy of the financial statements. $(10$ points$)$

C$.$ Briefly describe the similarities between assurance, attestation, and audit services. $(10$ points$).$

D$.$ Match the engagement described to the $($A$)$ type of audit and $($B$)$ auditor that would most likely perform the engagement. Each engagement will have an answer from List$-$A and List$-$B$.$ An answer can be used once, more than once, or not at all.

$\backslash$table$[[$List A $-$ Type of Audit:,List B $-$ Type of Auditor:$],[\backslash$table$[[$a$.$ Financial Statement$],[$b$.$ Compliance$]],$d$.$ Internal$],[$e$.$ experational,f$.$ Governal$],[,$g$.$ Government$]]$

Engagement:

Evaluate a company's payroll processing for economy of scale.

Evaluate$/$determine if bank covenants are being met.

Evaluate financial statements that are to be submitted to a bank.

Evaluate the promptness of materials inspection in a manufacturer's receiving department.

Determine if Medicare reimbursements are in accordance with the Healthcare Financing Administration $($HCFA$).$

Determine if the tax return of a multinational corporation is in accordance with the tax code.

Determine if a public school is properly applying their reimbursement for the payment$-$in$-$kind program.

Determine the effectiveness of a Department of Defense project.