Why do the reporting standards for specified auditing procedures state that the distribution of the report be
Question:
Why do the reporting standards for specified auditing procedures state that the distribution of the report be limited to the specific users?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
To avoid confusion over the purpose ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
Question Posted:
Students also viewed these Business questions
-
Auditors should be familiar with available professional literature from a variety of sources. Listed below are 10 publications in the fields of auditing and accounting. 1. Statements on Auditing...
-
In the United States, the Financial Accounting Standards Board sets measurement and reporting standards for financial statements. For large companies, the Securities and Exchange Commission imposes...
-
Conduct research to determine the impact of the Sarbanes-Oxley Act (SOX), Generally Accepted Accounting Principles ( GAAP ), Generally Accepted Auditing Standards (GAAS), and the International...
-
Gavin wrote the equation p=(3(s+100))/(4) to represent p, the profit he makes from s sales in his lawn -mowing business. Which equation is solved for s?
-
Which of the 10 reactions of glycolysis are (a) Phosphorylations, (b) Isomerizations, (c) Oxidation-reductions, (d) Dehydrations, and (e) Carbon-carbon bond cleavages?
-
In the 1920s, Charles Ponzi introduced the Ponzi scheme to the American public. The schemes simplicity is one of its best traits. By promising above-average returns for their investment, individuals...
-
In 2001, the City of New York and the Dormitory Authority of the State of New York (DASNY) entered into an agreement to build a forensic biology laboratory in Manhattan. Per the agreement, DASNY...
-
Mark Price Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May 1...
-
x-5 and justify your answer. Respond in the space 3x-1 f(x)= Determine the range of provided below.
-
The room temperature of an 11 m 2 room is to be controlled by varying the power of an indoor radiator. For this specific room, the open-loop transfer function from radiator power, Q (s), to...
-
You have a new client that is a private company planning to go public in the near future. The predecessor public accountant prepared a review engagement report and the accounting framework was ASPE....
-
You are an audit senior and have recently moved from a large public accounting firm to a smaller firm. At the large accounting firm, you were only exposed to audits of large corporations. You are...
-
A particle of mass m is introduced with zero velocity at r = 0 when = 0. It slides outward through the smooth hollow tube, which is driven at the constant angular velocity 0 about a horizontal axis...
-
Your original portfolio has a standard deviation of 24% and an expected return of 15%. You now add T- bills to your portfolio so that T-bills are 12% or your portfolio. The risk-free rate is 2%. 8....
-
The Taylors have purchased a $210,000 house. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 7 %/year on the unpaid balance. Interest...
-
Consider a bond that has 10 years to maturity. The bond's annual coupon rate is 6%, and its face ents-with value is $1,000. The required rate of return on other investments with similar...
-
An investor buys a property for $654,000 with a 25-year mortgage and monthly payments at 6.1% APR. After 18 months the investor resells the property for $712,913. How much cash will the investor have...
-
iBank located in Singapore has the following balance sheet (in million): < Assets < Cash Duration < S$20 Interbank loans S$40 1 year Loans < S$240 5 years T-Bill S$100 Total assets: < S$400 < 1 year...
-
Information for Fresh Air Products is given in D8-12. Instructions (a) Assuming the company uses through put costing: 1. Calculate the manufacturing cost per unit. 2. Prepare a throughput-costing...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
The public accounting firm of Andre, Mathieu & Paquette (AMP) was expanding very rapidly. Consequently, it hired several junior accountants, including Jim Small. The partners of the firm eventually...
-
Jan Sharpe recently joined the public accounting firm of Spark, Watts, and Wilcox. On her third audit for the firm, Jan examined the underlying documentation of 200 disbursements as a test of...
-
In confirming accounts receivable on December 31, 2009, the auditor found 15 discrepancies between the customers records and the recorded amounts in the subsidiary ledger. A copy of all confirmations...
-
Sell of Process Further Rose Hill, a soybean farm in northern Minnesota, has a herd of 50 dairy cows. The cows produce approximately 2,800 gallons of milk per week. The farm currently sells all its...
-
The 3 promotional methods to use will include digital marketing, word to mouth and branding. D g. Part 4: Promotional Strategy i. Identify a promotional mix consisting of at least three promotional...
-
Wu Inc. Statement of Income Year Ended August 31, 2024 Service revenue Operating expenses Income before income tax Income tax expense Net income Wu Inc. $ 325,000 [1] 116,000 23,000 $ [2] Statement...
Study smarter with the SolutionInn App