To be useful, an audit of a service organizations controls should cover a minimum of a. Three
Question:
a. Three months.
b. Six months.
c. One year.
d. The user entity’s fiscal period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
a Incorrect SSAE 16 specifies that the report should cover at le...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
An audit of a government's financial statements, conducted in accordance with generally accepted government auditing standards (GAGAS), includes A. A determination of efficiency and effectiveness. B....
-
An audit of a federal assistance program implemented after a major regional disaster discovered that out of 85 randomly selected applications. 17 contained errors due to either applicant fraud or...
-
An audit of a federal assistance program implemented after a major regional disaster discovered that out of 85 randomly selected applications processed during the first two weeks after the disaster....
-
If we take $1 away from a rich person and give it to a poor person, the rich person loses less utility than the poor person gains. Comment.
-
If the netting process for capital gains really has no impact on corporations, why do you think it still remains as part of the tax law?
-
Consider the precedence graph of Figure is the corresponding schedule conflict serializable? Explain your answer. T2 T1 T4 T5
-
What is the margin of safety? a. The amount of fixed and variable costs that make up a companys total costs b. The sales level at which operating income is zero c. The difference between the sales...
-
The 9 companies are drawn from the following 9 different industries: Liquor producer and distributor Discount airline Commercial bank (items fitted into the same categories as the non-financial...
-
6. For which of following reversible reaction the degree of dissociation or association depends upon the value of temperature but NOT on value of pressure? (a) N2(g)+3H2(g)2NH3(g) (b) N2O4(g) 2NO2(g)...
-
Some firms benefit from the speed and efficiency of blockchain technology to manage their supply chains. Optimally, firms that want to participate in a supply chain based on blockchain technology...
-
According to auditing standards, financial statements presented on a special purpose frame-work should not a. Contain a note describing the special purpose framework. b. Describe in general how the...
-
In providing assurance services to clients, CPAs are building on their reputations for a. Knowledge and integrity. b. Objectivity and integrity. c. Independence and due professional care. d....
-
The speed of light in topaz is 1.85 108 m/s. What is the index of refraction of topaz?
-
ECON 584: Experimental Economics Module 5 Lab Report Summer 2023 Please review the course syllabus for lab report guidelines. All of your answers for this lab report should be contained within one...
-
Use the data file "dataset about majors" to determine if it makes sense for the average person with your major and gender to get a 2-year-long master's degree. Use Business and Male as your major and...
-
Find the value of following term in the sequence given the recurrence formula. Calculate a3 for an an-2 2an-1 with ao = a = 3.
-
Write a program to play the rock-paper-scissors game. Two users take turns entering R, P, or S. The program then announces the winner, based on the rule that paper covers rock, rock breaks scissors,...
-
Case Study 2 (questions at the end of the document) By Colleen Haight Summer 2011, Stanford Social Innovation Review, Informing and Inspiring leaders of social change Jesus Lopez Hernandez picks ripe...
-
Write balanced equations for the combustion of ethane gas and liquid ethanol (to give gaseous products). (a) Calculate the enthalpy of combustion of each compound. Which has the more negative...
-
Why is it important to understand the macro-environment when making decisions about an international retail venture?
-
In Exercise 1, you collected data on and then graphed the Dow Jones Industrial Average (DJIA). This same site reports forecast values of the DJIA. Go to http://www.forecasts.org/data/index.htm, and...
-
Your political consulting group, Electem Inc., is assisting a local political candidate, Alice Evans, to determine the likelihood of her election to office during the upcoming campaign. She would...
-
Marts Inc., a local fund- raising organization, is considering the feasibility of a fund- raising campaign to assist a youth organization in building a new recreation center in College Bryan, Texas....
-
Reagan Russell is considering opening a multipurpose hardware and lawn store in Anytown, USA. Based on his knowledge of the industry, he believes that if the average household income is more than $...
-
How does Ozy media differentiate itself from competitor? or how does it build brand identity?
-
Moe Glee's business acquired a group of assets two years ago to help with expansion plans, but Moe would now like to review the use of some of those assets. Moe's close friend Ana Maui Harry's has...
-
Analyze the centrality of Off Whites' significant collaborations with other luxury and sportswear brands for accruing valuable brand equity.?
Study smarter with the SolutionInn App