com/?product=week-2-assignment-and-discussion Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION ACC 403 Week 2 Assignment and Discussion, 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming
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refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. The chief executive officer is unwilling to sign the management representation letter. The opinion paragraph of a CPA’s reports states: “ In our opinion, except for the effects of not capitalizing certain lease obligations, as discussed in the preceding paragraph, the financial statements present fairly, in all material respects…” This paragraph expresses a(n) Unqualified
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“Fifty Shades Darker” star Jamie Dornan confirmed his role as the Nazi Anti-Hero for the upcoming film “Anthropoid” during the Karlovy Vary Film Festival. Dornan will play the role of Jan Kubis, one of two Czech agents and dissidents who annihilated Reinhard Heydrich, one of the “Holocaust” architects during World War II. Joining him would be another Irish actor, Cillian Murphy, to play as his partner, Josef Gabcik. The Operation was hidden as “Operation Anthropoid.” According to TIME, Dornan described
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Module 24: Long reports are not used often. When organizing these reports you should think about what you’re going to write. The bibliography can form the first draft of your Work Cited. Save the interview questions for your appendix. Make sure you save all documents and write down all necessary information down. As soon as you know what you’re writing, start the title page and transmittal. Prepare your conclusion, than edit your first draft. The title page contains four things: 1. The title
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ASSIGNMENT 1 - BATES BOATYARD QUESTION What would you tell Bates concerning her accounting needs? ANSWER Sarah Bates has just bought a small boatyard business in the coast of Maine. The previous owner has kept some accounting records including the profit and loss for the tax purpose. However, concerning the various potential business activities in the boatyard, Bates is expanding the business. In this case, she is in the Stage 1 of the business, at the early stage it is important for
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Opinion Shopping Who are the stakeholders involved in this situation? Investors/Shareholders In terms of auditor switching, shareholders are dependent on the reliability of audit opinions on the financial reporting of management. Shareholders rely heavily on the quality of audits in valuing their shareholder wealth and making advised business decisions. The Board/ Audit Committee The directors are elected by the shareholders and are responsible for representing shareholders best
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Cindy Bachan Kaplan University AC503 Advanced Auditing Unit 3 Just For FEET, Inc. Case Study Professor Louis Beaubien December 14, 2011 1. Prepare common-sized balance sheets and income statements for Just for Feet for the period 1996 – 1998. Also compute key liquidity, solvency, activity, and profitability ratios for 1997 and 1998. Given these data, comment on what you believe were the high-risk financial statement items for the 1998 Should auditors insist that their clients
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Ethical and Legal Implications of Excello Telecommunications Cheryl Moore ETH/376 March 4, 2012 Susan Paris Ethical and Legal Implications of Excello Telecommunications Excello Telecommunications has suffered a downward financial spiral. This downward spiral will affect bonuses, share prices, and stock options (Mintz & Morris, 2011). Terry Reed, the Chief Financial Officer of Excello Telecommunications, frets over showing the downswing in profits. In searching for additional reportable
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1. Each of the following elements make up an integral part of what is meant by "ethics" except for: A. Accepted standards of behavior B. Knowing the difference between right and wrong C. Always following the law D. The moral point of view 2. "Treating others fairly" encompasses treating them: A. Equally, impartially, and responsibly B. Equally, responsibly, and openly C. Impartially, openly, and diligently D. Equally, impartially, and openly 3. The Independence Principle in the AICPA
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* UNMODIFIED REPORT * UNMODIFIED- The financial statement shows a true and fair view about the company’s financial position * There are no “if”, ”but” or additional information provided. * MODIFIED REPORT * The choices for QUALIFIED can be described in a matrix * Example of insufficient appropriate audit evidence … Except as discussed in the following paragraph… We did not observe the counting of inventories at 31/12/200X… unable to determine inventory quantities by other
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