Question: Please scroll down to complete all tasks. Revenue Sim: During the financial statement audit of King Road Enterprises, E . P . Hart, CPA discovered
Please scroll down to complete all tasks. Revenue Sim: During the financial statement audit of King Road Enterprises, E P Hart, CPA discovered the information shown below. In Column B select the management assertion you believe is most relevant to each audit discovery shown in Column A from the option list provided. Then, in Column C select the audit procedures you feel that EP Hart would perform to test the assertion you chose. Please note that there is a dropdown list of procedures already set in Column C Note that up to procedures may be selected for each audit discovery, but this does not mean that procedures should be used for every discovery. Some may have less. Finally, in Column D select the ratio from the dropdown menu that you believe will be most impacted by the audit discovery.
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