ken smith, the partner in charge of the audit of

Project Description:

ken smith, the partner in charge of the audit of houghton enterprises, identified the following significant deficiencies during the audit of the december 31, 2007, financial statements: 1. controls for granting credit to new customers were not adequate. in particular, the credit department did not adequately check the creditworthiness of customers with an outside credit agency. 2. there were inadequate physical safeguards over the company’s inventory. no safeguards prevented employees from stealing high-value inventory parts. required:a. draft the required communications to the management of houghton enterprises, assuming that both items are significant deficiencies.b. assume that smith determined that the second item was a material weakness. how would the required communication change?
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 12
1 Current viewersl
11 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.3
    309 Jobs 189 Reviews
    $10 in 0 Day
  • 4.8
    405 Jobs 247 Reviews
    $0 in 0 Day
  • 4.6
    647 Jobs 468 Reviews
    $0 in 0 Day
  • 4.1
    70 Jobs 30 Reviews
    $15 in 0 Day
  • 3.5
    2 Jobs 2 Reviews
    $0 in 0 Day
  • 4.8
    60 Jobs 32 Reviews
    $0 in 0 Day
  • 5.0
    4 Jobs 3 Reviews
    $0 in 0 Day
  • 4.9
    69 Jobs 54 Reviews
    $0 in 0 Day
  • 4.8
    4 Jobs 4 Reviews
    $0 in 0 Day
  • 4.9
    1991 Jobs 1016 Reviews
    $25 in 0 Day