Explain the relationship between the timing of substantive procedures and the risk assessment of the significant account
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
i nterim testing is more likely for accounts with low overall risk assessments and yearend testing i...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Question Posted:
Students also viewed these Auditing questions
-
Explain the relationship between SOX and COSO.
-
Examine the tests of controls and substantive tests of transactions results, including the sampling application in Case 18-32, for Ward Publishing Company. Assume that you have already reached...
-
Explain the relationship between NPV and a firms value.
-
Scott and Associates, Inc., is an accounting firm that has three new clients. Project leaders will be assigned to the three clients. Based on the different backgrounds and experiences of the leaders,...
-
The management at Covington, Inc., recognizes that a well-designed internal control system provides many benefits. Among the benefits are reliable financial records that facilitate decision making...
-
Determine how much money Jackson will have at the end of 3 years Also what's the interest "i=r\m" Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of...
-
Air blows over the flat-bottomed, two-dimensional object shown in Fig. P9.109. The shape of the object, \(y=y(x)\), and the fluid speed along the surface, \(u=u(x)\), are given in the table....
-
On December 23, 2010, Miller Wholesalers ships merchandise to Michael Retailers with terms of FOB destination point. The merchandise arrives at Michaels warehouse on January 3, 2011. Required 1....
-
Based on the information given answer the following: What Cape Fear could do to improve operations for 2022, and how their operations differ from Wilmington Health. Do not repeat information given in...
-
When faced with different alternatives, there are many criteria that can be used to identify the best one. What is the tangible criterion that is usually used in an engineering economic analysis?
-
Explain why completeness is a more critical assertion for payables than for cash, receivables, inventory, or PPE. What procedures are primarily designed to address the completeness assertion for...
-
How can an auditor use results from procedures performed during the control risk assessment phase to affect the nature of substantive testing?
-
Match each logarithm in Column I with its corresponding value in Column II. I (a) log4 16 (b) log3 81 (c) log3 (d) log10 0.01 (e) log, V5 (f) log13 1 II A. -2 B. -1 C. 2 D. 0 E. - 2 F. 4
-
The two dominant schools of economic thought in academia today are the Keynesians and the Austrians. Predictably, the two schools agree on almost nothing and so there is a clear dialectic split...
-
Southwest to Buy 100 New Boeing 737 MAX Jets Southwests fleet is composed of entirely Boeing 737 jets. With a need to replace older jets, Southwest had been considering the Airbus A220 but executives...
-
Many firms are now investing heavily in analysing their own customers through CRM and website analysis. What are the advantages and disadvantages of this trend for both firms and consumers?
-
Why is value to the customer a more logical approach to setting prices than cost of production? What role can costs play in the setting of prices?
-
McCoy and Gugelman borrowed money from State Security Bank for their partnership, Antiques, Etc. When McCoy and Gugelman failed to pay back the debt, the bank sued them as individuals. At trial,...
-
The following data were generated from the normal distribution: Use MATLAB to estimate the inflection points of these data. x -2 f(x) 0.05399 -1.5 -0.5 O 0.12952 0.24197 0.35207 0.39894 X 0.5 1 1.5...
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
At the conclusion of the audit, the wrap-up process involves: (a) Review of proper and complete execution of planned audit procedures. (b) The determination that all necessary matters have been...
-
At the conclusion of the audit, the wrap-up process involves: (a) Review of proper and complete execution of planned audit procedures. (b) The determination that all necessary matters have been...
-
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...
-
Korda International Inc. recently issued new securities (common shares and bonds) to finance a new project with a cost $16 million. The equity issued had a flotation cost of 8%, while the debt issued...
-
Khairul bought a television set with cash price of Rm6000. He paid a 10% down payment and the balance was settled by making a 24 monthly payments . If the interest was 8% per annum on the original...
-
Suppose a company produces a perpetual cash flow of $25 million per year and is expected to continue doing so in the infinite future. The company's capital structure currently consists entirely of...
Study smarter with the SolutionInn App