ACC 521-011 Example of Auditing Final Exam INSTRUCTIONS: 1. This exam consists of 6 questions‚ on 11 pages. Please answer questions #1. to #5. in the separate EXAM ANSWER BOOK‚ and answer Question #6 - Multiple Choice with explanations - in this book. 2. The time available is 3.0 hours. 3. The exam is worth 50% of your overall course grade. 4. Write your name & student number on the front of the test. 5. This is a closed book test. The only aid that may be used one of the calculator
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5.4. You have found three investment choices for a one-year deposit: 10% APR Compounded monthly‚ 10% APR compounded annually‚ and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) Sol: 1+EAR= (1+r/k)k So‚ for 10% APR compounded monthly‚ the EAR is 1+EAR= (1+0.1/12)12 = 1.10471 => EAR= 10.47% For 10% compounded annually‚ the EAR is 1+EAR= (1+0.1)=1.1 * EAR= 10% (remains the same). For 9% compounded daily 1+EAR= (1+0
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Econ4001.02 Intermediate Microeconomics - Homework 1 Maryam Saeedi Due Tuesday‚ February 3‚ 8am Please answer all parts to all questions. Do so neatly and scan the document on Dropbox. If you have appropriate softwares you can answer the questions in pdf editor. You are welcome to work with classmates on homework but remember to note who you worked with at the top of the cover page. Please refer to the syllabus regarding the homework policy. 1 1. A consumer has preferences for two goods. Her
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Java I Programming ITP 120 Section 002W Spring 2014 Homework Assignment 1 Due: January 22‚ 2014 or January 29‚ 2014 (your choice) Guidelines: Turn in your homework (both the .java & .class files) and hardcopy source program printouts and USB flash drive. Suggestion: Use Notepad or Notepad++ for your text editor. Be sure to use proper naming conventions such as: EX1_10Wilson.java and EX1_11Wilson.java (1) Complete these Chapter 1 Programming Exercises on
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Part A 1) a)Although a client/company is engaged to perform audits for the 2nd year‚ it does not allow sufficient time for auditor to detect material misstatement. This is due to lack of experience in understanding of the company? Repeat engagement over the years to come would reduce inherent risk Thus‚ the 2nd year of audit would increase inherent risk. b)The bank requires that a/ the company’s interest coverage ratio should be above 9‚ in order to provide loans to the client. From the extract
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English Essay HW Inspector Goole was introduced in Act One‚ when he had unexpectedly turned up at the house of the Birling family‚ intending to gather information regarding the death of a young pregnant women‚ Eva Smith. Throughout the play‚ J.B Priestley uses a variety and range of techniques to present the Inspector into the play‚ as well as stage directions and mannerisms. This essay will provide an insight into these techniques. My first point of interest focuses on the image that
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HW FIN 3331 Chapter 9 9.1. Warr Corporation just paid a dividend of $1.50 a share (that is‚ D0 = $1.50). The dividend is expected to grow 7% a year for 3 years and then at 5% a year thereafter. What is the expected dividend per share for each of the next 5 years? D0 = $1.50; g1-3 = 7%; gn = 5%; D1 through D5 = ? D1 = D0(1 + g1) = $1.50(1.07) = $1.6050. D2 = D0(1 + g1)(1 + g2) = $1.50(1.07)2 = $1.7174. D3 = D0(1 + g1)(1 + g2)(1 + g3) = $1.50(1.07)3 = $1.8376. D4 = D0(1 + g1)(1 + g2)(1 + g3)(1 +
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25. Fraud is an intentional act involving the use of deception that results in a material misstatement of the financial statements. The two types of misstatements that are relevant to auditors are: The misstatement arising from misappropriation- this occurs when someone steals or misuses an organizations assets. Perpetrators are usually employees and occur when they gain access to cash or cash disbursement accounts and can manipulate them. Misstatement arising from fraudulent financial reporting-
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John McGee IT 320 HW assignment 1.1 Vocabulary Exercise: Matching on page 3 1. Wide Area Network (WAN): A network that spans a large geographic area. 2. Router: Connects LAN’s to WAN’s 3. Default Gateway: If a device does not know how to get to a destination‚ it sends data to this device. 4. Leased Line: A WAN link contracted for use by the customer. 5. Telephone Company: A WAN service provider. 6. Serial Cable: Connects a router to a CSU/DSU. 7. Channel
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STAT 758: Homework #6 Due on Wednesday‚ 11 April‚ 2012 Zaliapin‚ 1:00pm Tracy Backes 1 Tracy Backes STAT 758 (Zaliapin): HW #6 Problem #1 We assume below that Zt ∼ W N (0‚ σ 2 )‚ B is a backshift operator. 6.1 For the model (1 − B)(1 − 0.2B)Xt = (1 − 0.5B)Zt : a) Classify the model as an ARIMA(p‚ d‚ q) process (i.e. find p‚ d‚ q). ARIMA(1‚1‚1) b) Determine whether the process is stationary‚ causal‚ invertible. • The process is stationary if all roots of ϕ(z) are off of the unit
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