What actions can auditors take if they find fluctuations or unexpected variations?
Question:
What actions can auditors take if they find fluctuations or unexpected variations?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
When auditors find fluctuations or unexpected variations during the audit process it is essential to investigate and address these anomalies The actions that auditors can take in response to such find...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
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...
-
Refer to the Professional Judgment in Context feature at the outset of the chapter, which features the litigation charges against KPMG for its audit failures during the subprime mortgage crisis. a....
-
KPMG LLP served as the external auditor for some of the largest subprime mortgage lenders in the U.S. leading up to and during the housing market crisis of the mid to late-2000s. The audits of two of...
-
In the conversion of a-ketoglutarate to glucose, which of the following compounds are not obligatory intermediates in this pathway? * Oxaloacetate O Fructose 1,6 bisphosphate O Malate O 1,3...
-
Butler Inc. has projected Cost of Goods Sold (CGS) for June 2011 of $1,500,000. Of this amount, $80,000 represents fixed overhead costs. Total variable costs for the company each month average 70...
-
Accounting with sales journal and purchases journal GST version Tobys Traders Ltd uses sales and purchases journals in its accounting system. The following transactions occurred during April 2025....
-
List and define the four types of control. How do organizational, operations, and strategic types of control differ from one another? How do they relate?
-
Brooks Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs, based on the machine hours required. At the beginning of 2012, the company expected to incur...
-
Use Table 13.1 to estimate the pressure in atmospheres (atm) at the deepest ocean trench. How many atmospheres is this? Table 1 Some Typical Pressures Location The center of Earth Pressure (kPa) 4x10...
-
Sutti & Shweep are in the process of completing the audit of their client Fredbare Ltd, a manufacturer of swimwear and sports clothing. They have just carried out the interim audit and have...
-
List some analytical review procedures.
-
In an alternating current (ac) circuit, the instantaneous power p at time t is given by Show that this is equivalent to p(t) = V m I m , sin(t) sin(t ) o sin(@t) V mlm sin o sin(@t) cos(ot)| p(t) =...
-
According to the theory of the kinked demand curve, if a firm were to raise its price, its competitors would _______. a) lower theirs b) raise theirs c) keep theirs the same
-
For a voltage-controlled bus \(k\), __________ are input data, while the power flow program computes __________.
-
For the iterative solution to linear algebraic equations \(\mathbf{A x}-\mathbf{y}\), the \(\mathbf{D}\) matrix in the Jacobi method is the Gauss-Siedel is the __________ portion of \(\mathbf{A}\)....
-
According to the theory of the kinked demand curve, if a firm were to lower its price, its competitors would ______. a) lower theirs b) raise theirs c) keep theirs the same
-
Starting from a single-line diagram of a power system, the input data for a power flow problem consists of __________, __________, and __________.
-
What does the cash ratio help determine, and how is it calculated?
-
If the joint cost function for two products is C(x, y) = xy2 + 1 dollars (a) Find the marginal cost (function) with respect to x. (b) Find the marginal cost with respect to y.
-
The following are specific balance-related audit objectives applied to the audit of accounts receivable (a through h) and management assertions about account balances (1 through 4). The list referred...
-
The following are specific transaction-related audit objectives applied to the audit of cash disbursement transactions (a through f), management assertions about classes of transactions (1 through...
-
The following are specific presentation and disclosure-related audit objectives applied to presentation and disclosure for fixed assets (a through d) and management assertions (1 through 4). Specific...
-
On August 1 , 2 0 2 2 , Colombo Company s treasurer signed a note promising to pay $ 1 2 1 , 8 0 0 on December 3 1 , 2 0 2 2 . The proceeds of the note were $ 1 1 4 , 6 0 0 . Record the journal entry...
-
Agarwal, Bergeron, and Cishek have been in partnership for a number of years. The partners allocate all profits and losses on a 2 : 3 : 1 basis, respectively. Recently, each partner has become...
-
In its first year of operations, Mary Corp. earned $ 6 1 , 2 0 0 in service revenue. Of that amount, $ 1 0 , 3 0 0 was on account and the remainder, $ 5 0 , 9 0 0 , was collected in cash from...
Study smarter with the SolutionInn App