Solutions for Chapter 8 Tools to Gather Audit Evidence Review Questions: 8-1. The three main tools the auditor might use in gathering and evaluating audit evidence are: Audit sampling Generalized Audit Software Analytical procedures 8-2. Non-sampling risk is the risk that the auditor makes an improper assessment of inherent and/or control risk or did not apply audit procedures carefully. It can be minimized through: (1) Good hiring‚ training and supervision practices; and (2)
Free Sampling Sample size Sample
Internal Audit Working Paper Physical Plant Audit Page: 8.3.1/1 Evaluate Annual Construction and Major Repair Costs Prepare: KRS Date: 12/08/93 List of Unfinished Projects Reviewer: BMT Date: 12/09/93 Project | Type | BeginningDate(M/YR) | Projected Ending Date(M/YR) | Projected Ending Date(M/YR) | | Wagner Greenhouse | C |
Premium Auditing Internal audit Internal control
The purpose of this memo is to present the process that I went through when writing my adjustment letter for the freshmen orientation in the College of Engineering at The University of Arkansas. When I was writing my adjustment letter‚ I had to think of had happened during my engineering freshmen orientation. My freshmen orientation was good and very organized; however‚ I think we should have talked about some other important topics such as: The basics of college-level academic expectations and
Premium Writing Essay High school
Case Study Memo Format Date: 3/4/2013 Subject: Employee Gambling and Productivity Case Summary The ethical decision-maker in this case‚ Dr. Quaid Jefferson‚ Division Director of Vital Statistics‚ is faced with the dilemma of allowing his employees to place bets on horses and hold office pools in the face of decreased productivity. On top of that‚ he participates in an annual football pool‚ which is illegal in his jurisdiction‚ while horse betting is not. The stakeholders in this decision
Premium Morality Employment Pool
JBT AeroTech Memo To: CEO – JBT AeroTech From: Tal Horesh – Head of Sales cc: Prof. Brewster Date: Re: Persuasive Speech - Competitive bid – proposal review 1. Specific purpose – persuade my boss – audience to reduce profit margins on a quote for the USAF. 2. Central Idea – The firm is part of a competitive bid for a new Cooling unit that will be sold to the U.S military (Air-Force). Following the Purchase order the entire U.S. Military (Navy‚ Army and Marines) will purchase the same system for
Premium Management United States Air Force Corporation
Case memo (Google) Background Google is a leader in web searching and advertising. It controls about 84 percent of the Global Search Engine Market Share at 2012[1]. In addition‚ it not only offers information search service for worldwide users‚ but also provides many different innovative products and related services. Potential problems Though Google is a dominating player in internet searching market‚ it still has many potential problems. 1) How to improve accuracy rate of search result to
Premium World Wide Web Web search engine Advertising
Jang Newspaper Brand Audit Prepared by: Moiz Instructor: Dr. Kamran Siddiqui INTRODUCTION OBJECTIVE The purpose of this brand audit is to analyze the brand Jang Newspaper and determine the true personality of the newspaper. The brand audit covers the key attributes that are associated with Jang‚ the specific needs that the newspaper caters to and which particular the target market that it serves. Finally the audit has CBBE model that identifies the equity of the brand and certain recommendations
Premium Broadsheet Tabloid Brand
DATE : October 5 ‚ 2006 TO : Board of Directors ‚ Pechanga Casino Entertainment Center FROM :SUBJECT : Red Cross Blood Drive Despite being responsible for half the nation ‘s supply of blood and blood products ‚ the American Red Cross ‘ supply for donated blood has fallen dangerously low . Although during highly publicized disasters when people are eager to help out by donating blood ‚ it is a fact that in calmer times ‚ only 5 percent of eligible donors think of donating blood .Donated blood
Premium Blood donation Donation Blood plasma
Memo To: xxxx From: xxxx Date: February 8‚ 2015 Re: Things about Interview We had our first business meeting on February 3‚ 2015 in the small section class. There were mainly three topics about interview we discussed in the class. Our group’s topic is interview preparation. I got one journal to share named How to “Prepare for a Job Interview” on the website of The Wall Street Journal. In addition‚ we also learned from other two groups about the interview skills and interview clothing. In the
Premium Need to know Nonverbal communication Communication
3. a) Three parties that auditors might be held liable for negligence are : 1. Liability to client (Better Production & Co) 2. Liability to third party who use the information (Usahasama City Bank) 3. Liability to the foreseen user (who rely on the auditor’s financial statement) b) No. Aiman & Co can not be held liable to Usahasama & Co. The only action available for financial loss caused by a false financial statement was in the tort of deceit. In order to succeed‚ the claimant (Usahasama)
Premium Audit Auditing External auditor