acc_460_week_1_gasb__and_fasb_acco...

Jun 2nd, 2015
Studypool Tutor
Price: $10 USD

Tutor description

acc_460_week_1_gasb__and_fasb_acco...

Word Count: 991
Showing Page: 1/4
Assessing Materiality and Risk Simulation1Assessing Materiality and Risk SimulationAcc 491Assessing Materiality and Risk Simulation6-26 (Audit programs and assertions)Assume that you are responsible for developing an audit program for a manufacturingclient that sells to over 1,400 customers. You want to ensure your audit program addressesall relevant assertions for sales and accounts receivable. Address the following question inthe context of the audit sales and receivables for this manufacturing client.As per Generally accepted auditing standards (AU 311.05) state that in planning theaudit, the auditor should consider the nature, extent, and timing of work to beperformed and should prepare a written audit program for every audit the purpose oftaking such steps will assist on planning and documenting an action plan to ensuretakingneeded steps to obtain reasonable assurance that the financial statements are presentedfairly in all material respectsThe important factor about identifying auditing assertion such as existence or occurrence,completeness, rights and obligations, valuation or allocation, presentation and disclosurespecific audit objectives

Review from student

Studypool Student
" Thanks, good work "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 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