Auditing Cases An Interactive Learning Approach 5th edition Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt - Solutions

According to the CICA Web site indicated in question number four, what professional standards must a CPA follow when providing assurance services that result in the expression of a WebTrust or SysTrust opinion?
To become more familiar with these assurance services opportunities, obtain a copy of the Trust Services Principles and Criteria, which can be located on the Internet. Use your internet browser to locate a copy of the framework by conducting a search for “Trust Services Principles and
Using the Trust Services Principles and Criteria for the “Online Privacy Principle,” develop an online privacy policy for Alltel Stadium that could be posted on the stadium’s website for customers to review before using the Spot Card technology?
(a) How close does the Bees’ reported ticket revenue for 2011 have to be to your expectation for you to consider reported ticket revenue reasonable or fairly stated?(b) If reported ticket revenues were outside your “reasonableness range,” what could explain the difference?
Research required accounting treatment criteria related to revenue recognition to make sure you have a clear understanding of the explicit criteria that must be satisfied before revenue can be recognized. The Securities and Exchange Commission's (SEC) Staff Accounting Bulletin No. 101, Revenue
As of September 30, 2012, Magicon had only submitted the order letter. Document your conclusion about the impact on the accounting for the transaction if Longeta and Magicon(a) Sign the reseller agreement within 30 days or(b) Do not sign the reseller agreement within 30 days?
What recommendations do you have related to plans for the actual conversion to this new system?
How does the IT-based system create new risks for material misstatements?
1. Go to the web site http://www.globalreporting.org and read the G3.1 Application Levels. What are the major differences between the three application levels?2. The G3.1 Application Levels identifies six key qualities for having external assurance provided on the sustainability report. What are
The 2010 GRI Sustainability Reporting Statistics publication indicates that 47 percent of the GRI sustainability reports obtained external assurance and that the majority of the external assurance was provided by the GRI. What are the advantages of having accountants as compared to other third
Another component of the audit risk model is control risk. Describe the five components of internal control. What characteristics of Comptronix’s internal control increased control risk for the audits of the 1989-1992 year-end financial statements?
Professional auditing standards present the audit risk model, which is used to determine the nature, timing, and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence?
The following requirements relate to Ms. Stitt’s testimony about the CanWest non-compete payments:(a) The concept of a “related party” is defined by generally accepted accounting principles (GAAP). Provide a brief overview of the concept of “related party transactions.”(b) Based on your
The Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 101, Revenue Recognition in Financial Statements, to provide guidance for publicly traded companies. Review SAB No. 101, which is available on the SEC’s website (www.sec.gov) and determine how the company violated
Based on the information obtained from the web site and your knowledge of the industry prepare a memo discussing the following items:(a) Dell’s information for fiscal year ended 1/28/2011:Sales -Net income -Cash flow from operating activities - Total assets -Number of employees -(b) What are
Go to Dell’s web site (http://www.dell.com) and click on the “About Dell” link. Review background and investor information provided about Dell. Click on the “Investor” link in the About Dell section and read the most recent SEC Form 10-K provided for Dell?

Showing 300 - 400 of 316

1
2
3
4

Step by Step Answers