Similar to what you did with the Revenue Cycle‚ I want you to prepare a bridge working paper for the audit of Apollo Shoes as of December 31‚ 2007‚ listing the major errors that could occur in the purchasing system and to describe the test of controls procedures for auditing related purchasing controls to determine whether reliable control exists. I don’t think that Apollo has enough purchase transactions that we need to rely on the controls (in other words‚ we’ll look at them all)‚ but we need
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+0000 From: "Darlene Wardlaw" Subject: Understanding the Revenue Cycle Attachment: I’ve attached a Sales internal control questionnaire from another engagement that I think you can use for Apollo. You may want to talk to Karina Ramirez to get answers to the questions. 1. Complete the ICQ for Apollo. For “yes” answers‚ add a comment stating which department and clerk performs the function. For “no” answers‚ describe the possible “errors” or “frauds” that could occur because of the control
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Answer Fine Country Fruit Cakes 1. With the current method of working‚ what is the monthly and annual capacity of the business? The capacity has been calculated according to the following assumptions:- • There are five working days per week. • There are four weeks per month. • The 1995 forecast assumes a similar demand pattern to 1994. • The rate of production is the same as in 1994. No down time is assumed. • The sales for 2kg cakes in February 1994 have been
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Date: 19 Jan 1:30:27 From: Dennis Reese Subject: Revenue Cycle Problems I have looked over Bradley’s report and yes we do have some issues with the Sales‚ and Account Receivables. The fourth quarter deviations overstated are the worst because they can have the most effect on the Financial Statements. The controls need to be more uniform as Bradley stated because then they would even out through the months instead of hitting us mostly on the fourth quarter. The company reports financial
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Essay English 119 Tues/Thurs How To Bake A Cake & Make Its’ Frosting There are many ways to bake a cake‚ also there are many steps following it. When I first baked a cake I thought it was going to be a difficult process. When I was younger‚ I first made a cake with my mother and after the first time I was able to make one all on my own. After‚ reading these steps you will be able to as well. Carefully read through the directions on the back of the cake box to be sure you have everything you need
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Thin-Layer Chromatography of Analgesics Abstract: In this experiment thin-layer chromatography (TLC) was used to determine the composition of an unknown mixture of analgesics given five references of AC‚ ASP‚ CAF‚ IBU‚ SAL‚ an unknown consisting of a mixture of three of the references‚ and two unknowns (6‚23) containing a single reference compound. The composition of the unknown mixture and two single unknowns were determined by spotting the reference compounds and the unknown compounds on two
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Disagreements‚ 2. Misplaced conflicts‚ 3. Nonsubstantive conflicts‚ 4. Substantive conflicts. Disagreements: A disagreement is a mild conflict and usually involves issues that are not necessarily related to the relationship. In the movie ’Apollo 13’ this situation of disagreement occurs two days before the launch. When the flight surgeon Dr.Chuck predicts that Ken Mattingly (one of the three members of the Astronaut team) may get serious illness during their expedition‚ Jim Lovell (captain
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Engagement Letter Apollo Shoes‚ This letter is to confirm our understanding of the terms and objectives of our engagement and the nature of the services we will provide. We will audit the consolidated balance sheet of Apollo Shoes as of year end 2007‚ and the related consolidated statements of operations‚ retained earnings‚ and cash flows. The objective of our audit is the expression of an opinion about whether your consolidated financial statements are fairly presented‚ in all material
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Q 4. What are the four layers of documents of ISO 9000? Please explain the purpose of each layer of document and their interelationship ISO 9000 emphasis on document control as it could act as a means of communication‚ define and clarify quality activities‚ rationalize the work of quality assurance‚ facilitate quality control‚ provide a base for system audit‚ and as teaching materials. While the above benefit bases on 4 types of documents‚ according to ISO9001: 2008‚ 4.2.1‚ the quality management
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who attempts to recreate or translate a work of literature. This explains why there are sometimes several different versions of the same story. Charles Martin and Gianlorenzo Bernini have their own original experience and interpretation of Ovid’s “Apollo and Daphne” in The Metamorphoses. Their translations contain several similarities and differences which can make
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