"Accounting Irregularities" , assignment help

timer Asked: May 27th, 2016
account_balance_wallet $20

Question Description

  • Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers. Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation.
  • Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions. Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.

Tutor Answer

Mr Intel
School: UIUC


Accounting Irregularities
Institutional Affiliation




Accounting Irregularities
The accounting irregularities involve the giving fraudulent financial reports. It
incorporates various activities such as misstatement intentionally, accounts omissions, or
disclosures, which are intended to deceive the readers. The financial accountants are required to
prepare correct financial reports, which give the true and fair position of the concerned firm. The
auditors have a duty to detect the accounting irregularities, by applying various techniques. In
relation to this, the present paper presents a comprehensive analysis the accounting irregularities,
and how the auditor should address them.
Alternative approaches to confirming sales revenue
The most effective approach that the auditor could use is the revenue cycle audit. This
would help gain concrete evidence regarding the discrepancies existing between the customers
returned confirmation and the account balances rec...

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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