Question: In reviewing the United Airlines Cardillo agreement Shepherd collected evidence that
In reviewing the United Airlines–Cardillo agreement, Shepherd collected evidence that supported the $203,000 adjusting entry as booked and evidence that suggested the entry was recorded improperly. Identify each of these items of evidence. What characteristics of audit evidence do the profession’s technical standards suggest auditors should consider? Analyze the audit evidence that Shepherd collected regarding the disputed entry in terms of those characteristics.
Answer to relevant QuestionsWhat are the principal objectives of the SEC rule that requires Form 8-K statements to be filed when public companies change auditors? Did Shepherd violate the client confidentiality rule when she discussed the United ...Should auditors take explicit measures to prevent their clients from discovering or becoming aware of the materiality thresholds used on individual audit engagements? Would it be feasible for auditors to conceal this ...How would you respond if you faced a set of circumstances similar to those faced by Guy Enright?Although not mentioned in this case, the plaintiff that sued Marshall maintained that he had been negligent in supervising Rojas while she was assigned to the Ryden engagement. That negligence, according to the plaintiff, ...Evaluate Sam Hakes’ response to Bill’s statement that he was unable to sign off on the inventory account. In your view, did Sam deal with the situation appropriately? Was Sam’s approach “professional”? Explain.
Post your question