Accounting Case 20-10 Auditing Logistical Logistics Background Logistical Logistics Inc. (Logistical Logistics or the “Company) provid O The contract identifies the shipping containers and acceptable cargo (e.g., semiconductors) to be transported on the ship ao Trucking Co. determines the shipments delivery date (within the three-week period), as well as the shipping route. Warehou On the basis of the facts related to the contracts between the Company and its vendors, what are the RoMMs that we may identify as part of our audit to address the completeness and existence of those contracts that are or contain a lease? Handout 1, the RoMMs matrix, may be used to assist with identifying relevant RoMMs. Tailoring RoMMs to the specific lease contracts and assertions is an important step in designing an audit plan for leases. Now that you have identified the RoMMs that are applicable to the contracts between the Company and its vendors, how might you tailor the RoMMs that you identified in Activity 1 to the facts presented in this case? Answer Skip Exit

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Auditing Mesmerizing Markets MM Risk of material misstatement RoMM Contract between MM and Stone Determine whether f Lgil Lgistiss vendr ntrts ntins n identified sset 84210159 n sset tyilly is identif... View the full answer