Why is it important that the auditor review all major journal entries?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
All major journal entries should be reviewed because it would be an e...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
Why is it important that the auditor establish objective criteria to determine the efficiency and effectiveness of performance before beginning the audit?
-
Why is it important that the business executive be alert to the significance of differing management styles?
-
Why is it important that the standard cost system be audited? How would the auditor test the standard cost system to determine that payroll expenses are appropriately charged to products?
-
Describe the process of testing software developed using both top-down and bottom-up development order. Which method results in the fewest resources required for testing? What types of errors are...
-
Copper rod is being reduced from a hot-rolled 3/8-in. diameter to a final diameter of 0.100 in. by wire drawing through a series of dies. The final wire should have a yield strength in excess of...
-
a. Which of the most likely provide the assurance concerning the accuracy balance-related objective for accounts receivable? b. Which of the following audit procedures will best uncover an...
-
Find the condition indices and the variance decomposition proportions for the Hald cement data (Table B.21), assuming centered regressors. What can you say about multicollinearity in these data?...
-
Use the transition matrix in Table 21.1 and software on the authors web site to calculate the transition matrix over 1.25 years.
-
1.1 A network protocol can be defined as an established set of rules that determine how data is transmitted between different devices in the same network. Discuss the two principal functions of a...
-
At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a monthly salary basis. Given on the form below are the current annual and monthly salary rates for...
-
In what ways is the auditor required to increase the amount of fraud skepticism on every financial statement audit engagement?
-
Does the auditor presume that there is a fraud in some specific accounts? Which accounts? How does this presumption change the nature of audit procedures?
-
If price of widgets increased from $50 to $52 and quantity demanded fell from 59 to 45, calculate the price elasticity of demand. give an interpretation of this number.
-
The worlds population was 4.43 billion in 1980 and 6.85 billion in 2010. What was the annual rate of increase during these 30 years? At this rate, what will the worlds population be in the year 2050?
-
Vincent Van Gogh sold only one painting during his lifetime, for about $30. In 1987, a sunflower still life he painted in 1888 sold for $39.85 million, more than three times the highest price paid...
-
What type of production system makes components where the cost of producing each is lowest?
-
The most dangerous place to be is in bed, since more people die in bed than anywhere else. From now on, Im sleeping on the floor. What problems do you see with this conclusion?
-
Explain the error in the conclusion reached by a security analyst: The Dow Jones Industrial Average peaked at 381.17 during September 3, 1929. The socalled Great Crash pushed this index down 48% by...
-
Suppose you have an exothermic reaction with H = -15 kJ and a S of -150 J/K. Calculate G and K eq at 10, 100, and 1000 K. For each reaction, an equilibrium constant at 298 K is given. Calculate G ...
-
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
-
The following report indicates that Network Rail was focused on investment appraisal procedures in 2004 at the start of a five-year regulatory period. John Armitt, chief executive of Network Rail,...
-
Stainless Steel Specialties (SSS) is a manufacturer of hot water-based heating systems for homes and commercial businesses. The company has grown about 10% in each of the past five years. The company...
-
Field, CPA, is auditing the financial statements of Miller Mailorder, Inc. (MMI) for the year ended January 31, 2012. Field has compiled a list of possible risks, including both errors and fraud,...
-
In assessing the risks associated with revenue recognition, the auditor will likely consult criteria provided by the SEC. What criteria has the SEC used to help determine if revenue can be...
-
What are the main ethical issues that researchers may encounter when conducting business research and how can they address these issues ?
-
How has womens participation in the Olympics changed over the years? Explain
-
What is the Christian view of work according to the God is Not One: The Eight Rival Religions That Run the World.
Study smarter with the SolutionInn App