Question: There are many factors that affect the auditor's decision as to how much direct testing of an account balance will be required. Required a. Identify

There are many factors that affect the auditor's decision as to how much direct testing of an account balance will be required.

Required
a. Identify the factors that affect the auditor's decision as to whether to perform direct tests of an account balance, and if so, how much testing is required.
b. For each factor identified, indicate how it affects the auditor's decision of how much direct testing to perform.

Step by Step Solution

★★★★★

3.28 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Factors that affect the auditors decision on whether a particular control should be tested include Extent to which risk is mitigated by controls in ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

222-B-A-A-B-R (321).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

There are many factors that affect a students success in school. A professor is concerned that many of her students work at part-time or even full-time jobs while they are attending school. Work...

There are many factors that may affect the size of the sample the auditor takes to test controls. Required a. Identify the factors the auditor should consider in developing the sample to perform...

Factors that Affect the Bond Issue Price Rivera Inc. is considering the issuance of $500,000 face value, ten-year term bonds. The bonds will pay 5% interest each December 31. The current market rate...

I am confusing filling out the 6 tables! please help me to fill them out and also the excel calculation process! ACCY 303 Group Project: Constructive Capitalization of Operating Leases The purpose of...

ASSUMPTION UNIVERSITY GRADUATE SCHOOL OF eLEARNING Master of Science in Management SCIT Building 9th floor, 88 Moo 8 Bangna-Trad Km 26, Bang Sao Thong, Samutprakarn 10540 Thailand Tel: + 66 2 7232944...

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Business Research Methodology- Question Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

10. An experimenter has some degree of control over the: a. independent variable. b. correlative variable. c. history effect. d. All of the above, if the experiment is conducted properly. 11. If a...

Calculate the percent loss in weight after complete decomposition of a pure sample of potassium chlorate. KClO3(s)KCl(s) + O(g)

You are the marketing vice president of a large soft-drink company. Your companys advertising agency is in the process of negotiating a contract to employ a superstar female singer to promote your...

transaction description: DDATREAS: This likely refers to a transaction initiated by the U . S . Treasury, specifically through the Automated Clearing House ( ACH ) network. XXDOD: This indicates that...

Exercise 11-2 presented data on roadway surface temperature x and pavement deflection y. Find a 99% confidence interval on each of the following: (a) Slope (b) Intercept (c) Mean deflection when...

Exercise 11-8 gave 13 observations on y = green liquor Na2S concentration and x = production in a paper mill. (a) Test for significance of regression using a = 0.05. Find the P-value for this test....

Coffee is being poured into the mug shown in the figure at a constant rate (measured in volume per unit time). Sketch a rough graph of the depth of the coffee in the mug as a function of time....

Consider water at 27C in parallel flow over an isothermal, 1-m-long flat plate with a velocity of 2 m/s. (a) Plot the variation of the local heat transfer coefficient, hx(x), with distance along the...

The data shown in the following table are highway gasoline mileage performance and engine displacement for a sample of 20 cars. (a) Fit a simple linear model relating highway miles per gallon (y) to...

Are clouds safe? 1

Consult Paragraph 25 of PCAOB Auditing Standard No. 5. Define what is meant by control environment. Why does the tone at the top have such an important effect on internal control over financial...

Consult Paragraph A4 (in Appendix A) of PCAOB Auditing Standard No. 5. What is the auditors responsibility related to information disclosed by management at the time of an earnings release, if any?...

Consider the principles, assumptions, and constraints of Generally Accepted Accounting Principles (GAAP). Define the revenue recognition principle and explain why it is important to users of...

Q4.b. Use Newton-Raphson metho ds to find the root of the following equation

Please dont copy from the book or same site or other students answers. The work should be your own answer. And please dont answers be handwriting Suppose you wanted to implement REA enterprise...

What will be the IRR (compounded annually) on this investment? (Enter your answer as a percent rounded the nearest whole number.) Show how much of each year's cash flow is recovery of the $13,000...