ACC 410 Week 5 Final Paper Audit Plan Keystone Computers

May 7th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

The final paper will be based on Appendix 6C Illustrative Audit Case: Keystone Computers at pages 237-244 in your text. Write, in outline format but in complete sentences, a 6 to 10 page audit plan. It is recommended that you look at Figure 18.8 on page 708, which shows the control objectives related to accounts receivable. In your audit plan cover the steps necessary to determine if you should select the client, the internal control procedures which need to be reviewed, the substantive tests [using accounts receivable a guide], and the final reporting steps. Based on the actual facts in the case determine the emphasis you want to place on various accounts. Also reflect back over your entire accounting program and think about how the accounts are interrelated. For example, when allowance for doubtful accounts is credited the offset is to bad debt expense. Therefore one of the steps should be to trace the debit side of the entry to the balance for bad debt expense. Make your comments a

Word Count: 1190
Showing Page: 1/8
Audit Plan Keystone Computers(Your Name)ACC410 Auditing(Instructors Name)(Date)Audit Plan Keystone ComputersAn external auditor reviews a companys financial reporting processes to attest that the financial statements fairly and accurately represent operational results and conform to generally accepted accounting principles. The audit process provides a reasonable, verifiable basis for the auditors opinion regarding the financial statements. An audit plan describes the various procedures that will be used and the purpose of those procedures. While management is responsible for presenting the financial statements, the auditor is responsible for attesting to the measure of risk observed in relation to any possible material misstatement in the financial statements provided. The following is an audit plan for Keystone Computers & Networks, Inc.CLIENT SELECTIONThe CPA firm of Adams, Barnes & Co. has audited the financial statements of Keystone Computers & Networks, Inc. for the past three years, 20X2, 20X3, and 20X4. The firm meets professional independence requirements as set forth in the Conceptual Framework for AICPA Independence Standards, ET Section 100.01. Our CPA firm already has working knowledge of the attitude of the principal owners, key management, and the chief financial officers, and has obtained background knowledge from previous audits. No issues exist relating to management integrity that may cause Adams, Barne

Review from student

Studypool Student
" all I can say is wow very fast work, great work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors