expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees‚ an independent‚ minor league baseball team‚ competes in the North-west Coast League. The team finished in second place in 200X with
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is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31‚ 2012. We will audit the company’s balance sheet for December 31‚ 2012‚ and the related statements of income‚ retained earnings‚ and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented. We will review the company’s federal and state income tax returns for the fiscal year
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Abstract: The audit function creates several important relationships among the various parties. One of the most significant and potentially problematic relationships is between the audit firm and the audit client. The decision by the audit firm to accept or retain a client is crucial because of the potential risk of being associated with certain clients. Engagement risk is considered to be composed of three components: client’s business risk‚ audit risk‚ and auditor’s business risk. Client’s
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Audit Planning Name: Course: Tutor: Date: Audit Planning Introduction Auditing is a vital activity‚ in every business activity. The International Auditing and Assurance Standards Board (IAASB) is the overall organization that sets international standards for assurance‚ auditing and other related fields‚ globally. The organization ensures that there is the harmonization of all international and national auditing and assurance standards to enhance uniformity‚ in accounting
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reasons for the duplicate social security numbers? What would you do to find out the actual reason for these duplicates? ADDRESS TEST How many blank addresses are in the database? Why might these blank addresses exist? How many instances are there of multiple employees using the same address? Describe the probable causes for the duplicate addresses. How many post office box numbers are listed as addresses? How many out-of-state addresses are listed? Assuming PSU operates in Florida‚ why would
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THE JONES FAMILY‚ INCORPORATED Principles of Corporate Finance 6th Edition Richard A. Brealey and Stewart C. Myers The accompanying table summarizes Johnny’s NPV calculation. He assumed Marsha would take 25 100-mile trips per year‚ saving $200‚ plus $1.00 per mile‚ plus a $40 tip on every trip. Operating costs would be $.45 per mile. The net savings are $295 per trip and $7375 per year. These savings increase with inflation at an assumed rate of 4% per year. It seems that
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WASTE MANAGEMENT ASSESSMENT 1 Management of municipal solid waste (MSW) or otherwise known as trash or garbage is an ongoing environmental and economic issue not only in the Unites States but also around the world especially in a developing country like the Philippines. The need for a community assessment that aims at assessing the current problems related to the way trash is managed in Pateros‚ the smallest
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Website Material on Plastic Waste Management Central Pollution Control Board‚ Parivesh Bhawan‚ East Arjun Nagar‚ Delhi-110032 June‚ 2013 Chapter – 1: Annual Report (2011-12) on Implementation of PWM Plastic products have become an integral part in our daily life as a basic need. It produced on a massive scale worldwide and its production crosses the 150 million tonnes per year globally. In India approximately 8 Million tonnes plastic products are consumed every year (2008) which is
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CITRIX Systems Incorporated Brief History Citrix Systems‚ Inc. is a Delaware corporation founded on April 17‚ 1989. They design‚ develop and market technology solutions that enable secure information technology‚ or IT‚ delivery on demand - independent of location‚ device or network. CITRIX technologies provide value by lowering IT operating costs‚ increasing information security‚ and enable greater business agility using Citrix virtual computing technologies. They market and license their products
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into good useTo gain knowledge on how composting eliminates organic wasteTo consider how composting can generate income through p-patch projects‚ since organically grown food is in high demandTo encourage Donations of edible food‚ as this can reduce waste‚ mitigate climate impacts and provide cost savings for individuals and businesses alike | Specific Purpose: | Sending edible food or food scrap to landfills is not healthy or economical. | Central Idea: | Edible food scrap is useful and should
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