Question
The Windsor Relief and Soup Kitchen (WRSK) organization has asked a local CPA firm of Gosselin, Hideum and Disguisem to contribute audit services to audit
The Windsor Relief and Soup Kitchen (WRSK) organization has asked a local CPA firm of Gosselin, Hideum
and Disguisem to contribute audit services to audit their annual financial statements. The CPA firm contributes the audit services to the organization. For an engagement of this scope they would have billed $5,750. The CPA firm also solicited volunteers from among its employees to help in the serving of the annual WRSK Thanksgiving Dinner. The turkeys and fixings cost the firm $650 and the 12 employees who volunteered each worked 6 hours. Their average pay rate is $35 per hour and their billing rate is $125. Describe in detail all the accounting issues present and their suggested treatment.
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