Why do public accountants prepare reports on the results of applying specified auditing procedures to financial information
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 59% (22 reviews)
The rationale for not having an audit performed is the ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Question Posted:
Students also viewed these Auditing questions
-
Why do accountants prepare a trial balance?
-
The October 5, 1998, issue of BusinessWeek includes the article Who Can You Trust? authored by Sarah Bartlett. Among other dubious accounting practices, the article describes a trick known as the big...
-
The October 5, 1998, issue of BusinessWeek includes the article Who Can You Trust? authored by Sarah Bartlett. Among other dubious accounting practices, the article describes a trick known as the big...
-
Examples using activity-based costing generally show that traditional costing systems ________ high-volume, less complex products and ________ low-volume, complex products undercost; overcost...
-
An ice cube tray contains enough water at 22.0oC to make 18 ice cubes, each of which has a mass of 30.0 g. The tray is placed in a freezer that uses CF2Cl2 as a refrigerant. The heat of vaporization...
-
In this exercise you will be assuming the role of an Account Manager working within our Personal Care Appliances category during Amazon Black Friday. You act as a general manager responsible for...
-
Beene Distributing is considering a project that will return $150,000 annually at the end of each year for six years. If Beene demands an annual return of 7% and pays for the project immediately, how...
-
Justification/Recommendation Report: Improving Register Efficiency at CircuitCentral CircuitCentral is a high-volume market-leading retailer of consumer electronics and appliances. It has established...
-
If beginning cash equaled $10,000 and ending cash equals $19,000, which is true Select one: a. Operating cash flow 4,500; Investing cash flow 9,000; Financing cash flow (4,500) b. Operating cash flow...
-
Accounting is ingrained in our society and it is vital to our economic system. Do you agree? Explain.
-
Give three examples of the special reports that a public accountant may be asked to issue. Explain why these reports would be requested.
-
How do the general standards applicable to review engagements differ from generally accepted auditing standards?
-
\(N ightarrow J ightarrow F ightarrow B ightarrow C ightarrow G ightarrow F ightarrow E\) Identify each sequence of vertices from the figure as a walk, trail, and/or path. Select all that apply. A B...
-
Your introduction needs to include the following. o Include a clear definition of unemployment and inflation and how and why they occur and rise in the economy. o Briefly provide your understanding...
-
Questions: 1. What strategies can be employed to foster a sense of inclusion and belonging within teams, and what are the potential benefits of doing so? 2. How can a team be successful? 3. What is...
-
Critical reflection involves closely examining events and experiences from different perspectives to inform future practice. In a few paragraphs, explain - Why educators should regularly reflect on...
-
What resources does the school or school district provide to teachers to promote diversity, equity, and inclusion? What are some of the strengths and shortcomings of the school's policies on...
-
Select FOUR companies listed on the UK Stock Exchange. Chose two companies from one industry sector and two other companies from another industry sector. By using the most recent three years'...
-
The balanced budget multiplier For both political and macroeconomic reasons, governments are often reluctant to run budget deficits. Here, we examine whether policy changes in \(G\) and \(T\) that...
-
Write a while loop that uses an explicit iterator to accomplish the same thing as Exercise 7.3. Exercise 7.3. Write a for-each loop that calls the addInterest method on each BankAccount object in a...
-
Comparative balance sheets for fiscal year XXXX Michago School District are shown below: The following transactions took place during the year: Instructions: Prepare a statement of changes in...
-
For each of the following independent situations, indicate the type of report on ICFR you would issue. Justify your report choice. a. The managements report on ICFR issued by Graham Granary, Inc.,...
-
Assume that scenario (a) in Problem 7- 36 is a material weakness. Prepare a draft of the auditors report for an audit of ICFR. Assume that Lorenzs auditor is issuing a separate report on internal...
-
Assume that scenario (b) in Problem 7- 36 is a material weakness. Prepare a draft of the auditors report for an audit of ICFR. Assume that First Coasts auditor is issuing a combined report for the...
-
help!!! Use the above information to calculate ending inventory using FIFO for a company that uses a perpetua/inventory system
-
Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States, Canada, United Arab Emirates, Japan, South Korea and Saudi Arabia. If...
-
The market price of a semi-annual pay bond is $979.86. It has 21.00 years to maturity and a yield to maturity of 7.34%. What is the coupon rate? Submit Answer format: Percentage Round to: 0 decimal...
Study smarter with the SolutionInn App