Under what circumstances might it be acceptable to use an audit procedure other than physically examining marketable
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
It is not necessary to actually observe the existence of mark...View the full answer
Answered By
Sidharth Jain
My name is Sidharth. I completed engineering from National Institute of Technology Durgapur which is one of the top college in India. I am currently working as an Maths Faculty in one of the biggest IITJEE institute in India. Due to my passion in teaching and Maths, I came to this field. I've been teaching for almost 3 years.
Apart from it I also worked as an Expert Answerer on Chegg.com. I have many clients from USA to whom I teach online and help them in their assignments. I worked on many online classes on mymathlab and webassign. I guarantee for grade 'A'.
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
Under what circumstances might it be acceptable for a company preparing IFRS financial statements to follow an accounting treatment developed by the FASB?
-
Under what circumstances might it be unethical to use consumer postings on a brand community Facebook site as data in qualitative research?
-
Under what circumstances might it be possible to reduce inflation without causing a recession?
-
On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000 of net distributable estate. He also left behind Tessie, his legitimate wife; Rhealyn, his legally adopted...
-
Explain why the diameter measurements for holes produced by the process of drilling could have a skewed rather than a normal distribution.
-
The spotlight effect refers to overestimating the extent to which others notice your appearance or behavior, especially when you commit a social faux pas. Effectively, you feel as if you are suddenly...
-
Some critics of big business argue that CEOs are overpaid and that their compensation is not related to the performance of their companies. To test this theory, Chief Executive (Sept. 1999) collected...
-
CH3CH2SH + CH3O- A (contains sulfur) + B C + H2O D + E (which is inorganic) (a) Given the above sequence of reactions, draw structures for A through E. (b) Rewrite the reaction sequence, showing all...
-
\ Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $209,400;...
-
The shareholders equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2020: Shareholders Equity ...............................................($ in...
-
Define and illustrate kiting. What procedures should the client institute to prevent it? What audit procedures should the auditor utilize to detect kiting?
-
How does the auditor determine whether marketable securities are properly classified as short-term securities or long-term investments? What are the accounting implications of the classification as...
-
Explain the meaning of the term 'pooled variance \(t\)-test'. When should a separate variance \(t\)-test be used instead of a pooled variance \(t\)-test?
-
A pistoncylinder device contains 0.85 kg of refrigerant-134a at 210 oC. The piston that is free to move has a mass of 12 kg and a diameter of 25 cm. The local atmospheric pressure is 88 kPa. Now,...
-
3.3. Using the BEMT, show the effect of increasing linear twist on the variations in inflow, thrust, induced power, profile power, and lift coefficient across the span of a rotor with four blades of...
-
By uploading this work, I attest that the work contained herein is solely my own, that I only used the given equation sheet as a reference, and that I have not received any information from anyone...
-
Demand for patient surgery at Washington General Hospital has increased steadily in the past few years, as seen in the following table: ...
-
Explain product analysis
-
Interest on bank loan is purely financial charge and included in cost accounting. true or false
-
Wilsons Auto Repair ended 2011 with Accounts Receivable of $85,000 and a credit balance in Allowance for Uncollectible Accounts balance of $11,000. During 2012, Wilsons Auto Repair had the following...
-
Which is one of the lines output by this code? A. [] B. [8] C. [9] D. [10] E. The code does not compile. 10: var list = new ArrayList (); 11: list.add (10); 12: List.add(9); 13: list.add(8); 14: 15...
-
Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month, beginning on March 1and continuing through November 1. She will withdraw all the money on December 1. If...
-
Derive an equation to find the end of year future sum F that is equivalent to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F...
-
If $200 is deposited in a savings account at the beginning of each of 15 years, and the account draws interest at 7% per year, how much will be in the account at the end of 15 years?
-
The tolal landed coet with the order gaantly sire of 6,000 unts is 4 (Enter your response roundod to the nearest dolar)
-
Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000, net markdowns were $7,000, and sales...
-
Apple inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In milions, except number of shares which are reflected in thousands and par value) LABILITES AND SHAREHOLDERS' EQUITY: Current...
Study smarter with the SolutionInn App