Question: hi can you help with this assignment? I really appreciate it all. chapters associated with questions are attached as well. you can use these same

hi can you help with this assignment? I really appreciate it all. chapters associated with questions are attached as well. you can use these same chapters for the discussion questions you were asking about.

hi can you help with this assignment? I really appreciate it all.

Week 9 Homework Questions 1) For each of the following balance audit objectives, suggest a substantive procedure that could test the sales account balance and explain how your test would provide assurance for the assertion. a) b) Rights and obligations - c) Completeness - d) 2) Existence - Valuation and allocation - In Figure 16-2 the text presents a mapping from sales and cash receipts transaction-related objectives to the accounts receivable balance objectives. Explain why: a) the cash receipts completeness transaction-related objective maps on to the accounts receivable existence balance objective b) the cash receipts occurrence transaction-related objective maps on to the accounts receivable completeness balance objective 3) Which sampling technique should an auditor use for testing accounts payable balances, MUS or VS? Explain your answer in your own words. 4) Provide an intuitive description (i.e., in your own words) of the major parameters used to calculate sample size for VS. Also, describe how variation (i.e., increase or decrease) in each parameter affects sample size. Finally, see if you can map these onto the MUS parameters. This last requirement is fairly thought provoking, but see what you can develop. Hint: for determining how these parameters affect sample size, merely review the sample size equation shown in the text and you should be able to determine how increases and decreases in the parameter affect sample size. a) Population size b) Risk of incorrect rejection 1 c) Risk of incorrect acceptance d) Standard deviation e) Tolerable misstatement f) Expected misstatement 2

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