Jessica Schmitt Auditing Chapter 9‚ problem 9-28 A. Since there are no specific materiality guidelines‚ it is the auditor’s professional judgment that must be used to determine the appropriate preliminary estimates of materiality. I used the guidelines listed on pg 251 in figure 9-2: Statement Percent Guideline Dollar Range (in thousands) Earnings from continuing operations before taxes 3-6 % $12‚500-$25‚100 (rounded) Current Assets 3-6 % $67‚600-$135‚200 (rounded) Current Liabilities 3-6 %
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Theresa Golding BA 418 – Auditing Dr. Charles Pineno April 25‚ 2010 PART 1: “Small Firms May Face Audit Music” (published in The Wall Street Journal on April 19‚ 2007) addresses the ending of the delay in applying portions of the Sarbanes-Oxley Act of 2002 to smaller companies. At the time of the article‚ some 6‚000 smaller public companies had yet to be required to “make an annual assessment of their internal financial-reporting controls with further review by the company’s outside auditor of
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(vd866) – Exam review – dewees – (24127) This print-out should have 35 questions. Multiple-choice questions may continue on the next column or page – find all choices before answering. 001 10.0 points Elements can be distinguished by their 1. hardness. 2. transparency. 3. dissolves in carbon disulfide 4. density of 2.07 g/ml 005 10.0 points Which of these substances I) table salt II) the liquid called coffee III) mercury is a mixture? 3. brittleness. 1. II and III only 4. density. 2. All of these
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Anatomy Study Guide Exam 1 Blood Blood components: know the relative amounts of the components and the functions of each component Formed elements: 1. Erythrocytes (red blood cells): involved in carrying oxygen 2. Leukocytes (white blood cells): involved in immune system - fight off infections 3. Platelets: involved in blood clotting Plasma: (liquid part of blood – dilute solution of salts‚ glucose‚ amino acids‚ vitamins‚ urea‚ proteins‚ and fats * 90% water * 7% protein
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Ch2 Review 1. The English colonists of Jamestown initially focused most on searching for gold. 2. The first important economic boom in Jamestown resulted from the production of tobacco. 3. When the House of Burgesses was created in Virginia in 1619‚ colonists were given a share of local political representation. 4. The first Africans imported to Virginia in 1619 were most likely indentured servants. 5. The Virginia Company had its charter revoked by James I. 6. In which area
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BUSINESS LAW EXAM #2 STUDY GUIDE Chapter 1: Nature & Sources of Law I. What is “law”? • *The general purpose of law is to create an orderly society; ensuring orderliness to all human activity; still no definition of law that has universal approval; law is very broad • Primary sources – legally binding rules/procedures‚ federal/state constitutions‚ states‚ administrative agency regulations‚ court decisions • Secondary sources – research articles‚ restatements‚ legal texts and encyclopedias;
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Samples of old exam questions 1. Two pure-breeding mutant plants produce white flowers. When they are crossed‚ all of the progeny have wild-type purple flowers. What does this genetic complementation test tell you? a. The genes are part of distinct biosynthetic pathways b. The two lines exhibit different mutations in the same gene c. More than one gene is involved in determining the phenotype d. The allele is pleiotropic e. The allele exhibits incomplete dominance 2. In a testcross of two
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Mid-YEAR EXAMINATION REVIEW PACKAGE * Everything around us is considered matter. Everything with a mass and a volume is considered matter. * All matter is made of small invisible particles called atoms. * There are 92 different types of atoms in the universe. * Substances that are made up of one type of atom are called pure elements; therefore there are 92 pure elements in the universe. * Substances made up of more than one type of atom are called mixtures. * Mixtures
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“We” Essay Review Jonna Vercellini Eric Lane and Michael Oreskes certainly meant for “We” to be a piece to stir up some long-lost patriotism in their American readers. The overarching point of the essay – and one that the authors refer to many times throughout their writing – is that somewhere between the framing of the Constitution and the evolution of our modern society‚ the vast majority of American citizens have lost touch with what the Constitution means and what it stands for and that these
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FIN432 Review questions for midterm exam 1. The nominal risk-free rate of interest is a function of a) The real risk-free rate plus the investment’s variance. b) The prime rate and the rate of inflation. c) The T-bill rate plus the inflation rate. d) The real risk-free rate and the expected rate of inflation.* 2. At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the year‚ the firm paid dividends of $1 per share
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