Burlingham Bees 1. AU 329 a. Based on the standards‚ describe the guidelines for developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence (para. 9-22). i. .09 Reliance on substantive tests: may be derived from tests of detail‚ from analytical procedures‚ or from a combination of both. The decision about which procedure to use is based on the auditor’s judgment. ii. .10 Level of assurance: analytical procedure
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Bees’ reported revenue would have to be within $100‚000 or a little more for it to be considered reasonable or fairly stated. There could be a number of reasons reported ticket revenues may be outside the reasonableness range”. Simply put‚ I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations. The allocation of tickets per weekend and weekday as I assumed‚ could have been different in the actual numbers for each
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BLOOMINGTON BEES CASE The Bloomington Bees‚ an independent minor league baseball team‚ competes in the Mid-States League. The team finished in second place in 2011 with an 87-57 record. The Bees 2011 cumulative attendance of 434‚348 spectators set a new record for the team‚ up from 390‚121 in 2010. Bank loan covenants require the Bees to submit audited financial statements annually to the bank. The accounting firm of Howe and Wen‚ CPAs‚ has served as the Bees auditors for the past five years. One
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WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 Hollinger International . . . . . . . . . . . . . . . . . . . . . . . Realities of Audit-Related Litigation instructor resource Manual — do not coPy or redistribute instructor resource Manual — do not coPy or redistribute a day in the life of brent dorsey staff auditor Professional Pressures inS tr uc t ional o b je c t ive
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Audit Case- Tommy O’Connell The audit case I chose was case #1‚ Tommy O’Connell- Audit Senior. O’Connell is a newly appointed senior auditor for a big 5 firm‚ and he was given the tough audit engagement for the Altamesa Manufacturing Company. Tommy figured this engagement would help him get in good with the partner that was in charge of the audit‚ Jack Morrison. The only problem was he was assigned Carl‚ who is a fresh-faced staff accountant who has been working at the company for less than three
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. . . . . . . . . . . . . 5.5 Collins Harp Enterprises 5.6 Sarbox Scooter‚ Inc. 5.7 Société Générale Recommending IT Systems Development Controls . . . . . . . . . . . . . . . . . . . . . . . . . Scoping and Evaluation Judgments in the Audit of Internal Control over Financial Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . How a Low-Risk Trading Area Caused a $7.2 Billion Loss instructor resource Manual — do not coPy or redistribute instructor resource Manual
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Gale A. Norton‚ Attorney General Martha Phillips Allbright‚ Chief Deputy Attorney General Richard A. Westfall‚ Solicitor General Merrill Shields‚ Deputy Attorney General Linda A. Siderius‚ First Assistant Attorney General Victoria R. Mandell‚ Assistant Attorney General Regulatory Law Section Denver‚ Colorado Attorneys for Petitioner Isaacson Rosenbaum Woods & Levy‚ P.C. Sheldon E. Friedman Scott S. Evans Denver‚ Colorado Attorneys for Respondent Kevin O. O’Brien Boulder‚ Colorado
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related party have been properly recorded by a client‚ an auditor should review info that provided by the management regarding the related party transactions. The auditor has to conduct audit procedure to ensure that information provided can be reviewed for completeness. If the availability regarding related party audit evidence is limited‚ the auditor may discuss with the management regarding the transaction amount and term‚ the nature of the relationship of client and related party and inspect the
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Leah Rudolphi ACCY405 AE4 (8-10) Individual Assignment 10 Bloomington Bees Case 1) 43+29=72 games over the year 434‚348/72=6‚032 people per game 6‚032 * .25 = 1‚508 + 6‚032 = 7‚540 (25% increase in weekend games) total sales per weekday game: 5‚016 * .30 = 1‚504.8 * 10 = 15‚048 5‚517.6 * .30 = 1‚655.28 * 10 = 16‚552.8 5‚016 * .35 = 1‚755.6 * 6 = 10‚533.6 5‚517.6 * .35 = 1‚931.16 * 6 = 11‚586.96 5‚016 * .20 = 1‚003.2 * 4 = 4‚012.8 5‚517.6 * .20 = 1‚103
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A World without Bees! What is causing pollinator declines in the northern hemisphere and what are the potential implications for South Africa? The world depends heavily on pollinators. Although the bee is not the only pollinator‚ pollination is the bee’s main niche‚ so without bees‚ there would be an enormous decrease in plant life. Plants that are not pollinated will not produce fruits and seeds. And would therefore cause and end of animals and human life. Albert Einstein said: “If the bee disappeared
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