Audit Risk Analysis Project The Coca-Cola Company Kimberly Williams Liberty University MEMORANDUM To: From: Kimberly M. Williams‚ CFE Subject: Audit Risk Analysis of The Coca-Cola Company Date: August 14‚ 2011 I have carefully used information derived from the company and the Securities and Exchange Commission (SEC) to assess the risk of accepting The Coca-Cola Company as an audit client. My research was based on careful analysis of recent developments and key items including recent
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uhiuhuikany Animal Logic. Though primarily an animated film‚ Happy Feet does incorporate motion capture of live action humans in certain scenes. The film was simultaneously released in both conventional theatres and in IMAX 2D format.[2] The studio had hinted that a future IMAX 3D release was a possibility. However‚ Warner Bros.‚ the film’s production company‚ was on too tight a budget to release Happy Feet in IMAX digital 3D.[3] Happy Feet won the Academy Award for Best Animated Feature and the BAFTA
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out on his sons forcing them have to act very tough. In his time Jackie was a great boxer‚ therefore he wanted Billy to do boxing in order to become strong and fit. What Jackie didn’t know was that Billy was suffering greatly during these lessons‚ he just was not fit for boxing. Whilst Jackie was involved in the miners strike. The progression of moving ‘into the world’ provides opportunities that can lead to growth and development. This change in an individual’s life is shown through significant
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How to Help Sore Feet Soreness commonly occurs in the toes‚ heels‚ ankles‚ soles‚ or arches of the feet. This happens because of vigorous activities‚ such as shopping‚ sporting activities‚ yard work‚ or just a long day. Painful feet are especially common with age‚ but can also be caused by ill-fitting shoes and clothing that minimize blood circulation to the lower limbs. There are many natural remedies for how to help sore feet that you can try at home. Please add one picture (I’ll do this). Part
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propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or perform more testing to obtain a better estimate of the population misstatements. The additional testing will likely focus on receivables and inventory because they have the largest estimated misstatements. 9-28 a. The following terms are audit planning decisions requiring professional judgment: Preliminary judgment about materiality Control risk Risk of fraud Planned detection risk Acceptable
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Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and
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Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
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Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments of inherent and control risks into an
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PRESS RELEASE FOR IMMEDIATE RELEASE September 7‚ 2016 Contact: Marcus Springer 910-555-2938 PAOS 2016 Portsmouth Artists Open Their Studios to the Public PORTSMOUTH‚ NH -- The fall 2016 Open Studios season kicks off with Portsmouth Artists Open Studios on Saturday and Sunday‚ October 13 and 14‚ from 11 a.m. to 6 p.m. More than 60 Portsmouth artists will open their studios and homes to the public for this annual event‚ now in its twelfth year. Portsmouth is a historic and diverse
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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