Question: Explain the techniques clients might deliberately use to violate the cut-off assertion because of pressure to meet sales targets. How might an auditor detect these

Explain the techniques clients might deliberately use to violate the cut-off assertion because of pressure to meet sales targets. How might an auditor detect these actions?

Step by Step Solution

★★★★★

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The cutoff assertion relates to recording revenues and expenses in the correct accounting period The ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

787-B-A-A-P (1932).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Explain the techniques a small service firm can use to set an hourly price.

Explain the use of randomized techniques in obtaining sensitive information.

Define Data Analytics and explain how a university might use its techniques to recruit and attract potential students.

List and explain 5 key business risks which would impact on the audit of JB Hi-Fi. Include the account and assertion most affected by the risks identified. Be sure to link audit risks to their...

If possible pls help me with this via email as the answer should be limited to one individual per submission. again pls if possible thru email antonionlyfans6969 g mail.com Prepare a word doc., about...

Suzie Pickering has experience in the clothing and retail industry, which is why she was assigned to the Cloud 9 audit. Suzie is mentoring Ian Harper, a first-year staff on the audit team, and they...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

***READ THIS FIRST*** I need the questions for Part 1 AND Part 2 answered for this case study. The answers must be well-written, detailed, and must answer each question fully with examples from the...

Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...

The relative permittivity of chloroform was measured over a range of temperatures with the following results: The freezing point of chloroform is -64e. Account for these results and calculate the...

13. It is given that A = {(x, y): (x, y) are the coord of a point on the curve y=x-3x+2 such that are integers) and B={(x, y): (x, y) are the coord of a point on the line y=0 that x and y are...

Do you think Indian consumers will benefit from increasing numbers of large retail shops owned by just a few large corporations?

Toms Trailers Ltd. (TTL), located in London, Ontario, manufactures industrial trailers that are used to ship goods across the country. Originally, Tom Tran owned 60 percent of the common shares of...

You are the audit senior of Rhino & Co. and you are planning the audit of Kaine Construction Co. for the year ended March 31, 2020. Kaine specializes in building houses and provides a five-year...

Identify the audit risks associated with the installation of the new IT system for patient revenue for Gardens Nursing Home Fellowes and Associates is a successful mid-tier accounting firm with a...

Samson Company had the following transactions. 1. Issued 5,000 shares of $100 par preferred stock at $107 for cash. 2. Issued 8,000 share of common stock with a par value of $10 for $120,000. 3....

Tammy Monahan is considering the purchase of a home entertainment center. The product attributes she plans to consider and the weights she gives to them are as follows Portability Sound projection...

How will the cash flow of franchises be impacted by AB 257 in the following categories (provided changes are proposed and implemented in these areas)? f. Mandatory insurance levels for employees...