How can an auditor use results from procedures performed during the control risk assessment phase to affect
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
During the control risk assessment phase the auditor gathers evidence about the ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Auditing questions
-
MULTIPLE-CHOICE QUESTIONS 1. Complex judgments are found in what types of accounts? a. Asset accounts. b. Liability accounts. c. Income statement accounts. d. All of the above. 2. Which of the...
-
How can an auditor introduce unpredictability into audit procedures?
-
How can an auditor find out whether payroll control procedures were followed by company personnel?
-
Q No. 1) a) Construct the Histogram for the following frequency distribution relating to the ages of telephone operators. Age (Years) No. of Operators 10-15 15-20 20-25 25-30 30--35 10 22 17 b)...
-
During a recent review, ABC Corporation discovered that it has a serious internal control problem. It is estimated that the impact associated with this problem is $1 million and that the likelihood...
-
1. The nurse is preparing to assess a newly admitted Chinese patient. Which of the following would be most appropriate to assess first? a.Pain b.Language barrier c.Family support d.Religious...
-
A design group has two possible wing designs \((A\) and \(B\) ) for an airplane wing. The planform area of either wing is \(130 \mathrm{~m}^{2}\) and each must provide a lift of \(1,550,000...
-
After-Tax Cost of Debt LL Incorporateds currently outstanding 11% coupon bonds have a yield to maturity of 8%. LL believes it could issue at per new bonds that would provide a similar yield to...
-
The popularity of Joe's Deli has caused lines to form throughout the operation and customers to start grumbling about the length of time they must spend to get their shopping completed. Joe's process...
-
Suppose that the principal assigned to the senior, mezzanine, and equity tranches for the ABSs and ABS CDO in Figure 6.4 is 70%, 20%, and 10% instead of 75%, 20% and 5%. How are the results in Table...
-
Explain the relationship between the timing of substantive procedures and the risk assessment of the significant account in question. What options does an auditor have for performing some of the...
-
Explain the difference between the audit of the processes impacting cash and the substantive testing of the cash balance. How is audit testing for each affected by the outcome of controls testing?
-
When under load and operating at an rms voltage of 220 V a certain electric motor draws an rms current of 3.00 A. It has a resistance of 24.0 and no capacitive reactance. What is its inductive...
-
a. What is the main objective of Mondelezs marketing plan? b. Is Mondelezs advertising expenditure a fixed cost or a variable cost? When the pandemic hit, Mondelez International, maker of Oreos,...
-
Discuss the extent to which brands should integrate their online and offline marketing communications activities. What factors determine the balance between online and offline?
-
What are the basic aims of labor unions?
-
Eugene Meade was offered a job by Cedarapids, Inc. The job required moving to Eugene, Oregon, where Cedarapids, Inc., had a facility called the El-Jay Plant. To entice Meade to join the Cedarapids...
-
Discuss the relationships between business strategy, marketing strategy and marketing tactics.
-
Develop an M-file to obtain first-derivative estimates for unequally spaced data. Test it with the following data: where f(x) = 5e2x x. Compare your results with the true derivatives. X 0.6 f(x)...
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
If an auditor finds any misstatements or deviations in planned procedures: (a) The auditor should consider the reason for the misstatement or deviation. (b) The auditor should not revise the risk...
-
If an auditor finds any misstatements or deviations in planned procedures: (a) The auditor should consider the reason for the misstatement or deviation. (b) The auditor should not revise the risk...
-
The going concern assumption means: (a) The entity is facing difficulties continuing as a going concern. (b) The entity is viewed as continuing in business for the foreseeable future with no need for...
-
The future price of Gold for August 2022 delivery is $1,920. Future contracts are for 100 ounce of gold and assume that the margin requirement is $6,000 per contract and the maintenance margin...
-
Houston stock is selling for $47 and has the following six-month options outstanding. Strike Price Option Market Price Call Option $45 $5 Call option $50 $2 a. Which option(s) is (are) in the...
-
A regional electrical distributor currently has 1,000 customers who buy an average of $5,000 per year, generating a 50% margin. From experience, the company knows that 20% of its customers will not...
Study smarter with the SolutionInn App