Answered step by step
Verified Expert Solution
Question
1 Approved Answer
My Assurance class asks us to do a comfirmation project, can anyone help me with the Memo? Appreciate your help!n audit project, can anyone help
My Assurance class asks us to do a comfirmation project, can anyone help me with the Memo? Appreciate your help!n audit project, can anyone help me with the Memo? Appreciate your help!
Confirmation Testing Memo To: Curtis Mullis - Audit Manager From: Sihui Tan 006 - Audit Staff Date: __ October 24,2017_______ Re: Simply Soups Inc. Cash Confirmations 1. Summary of Testing Results. If you noticed something that should be communicated to your audit manager (i.e., any problems with the confirmation process, client issues, possible financial reporting impact) list them here. Remember, if you don't document an issue then the audit team doesn't know about it! Please be concise and organized in your response. 2. List two assertions for which confirmations can provide audit evidence. For each assertion, describe how confirmations effectively provide this evidence (i.e., why is it persuasive evidence?). 3. How does using an electronic intermediary, like confirmation.com, improve audit effectiveness (i.e., in what ways might electronic confirmations be more persuasive audit evidence than traditional paper confirmations sent through mail)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started