What are the client prerequisites in order for an audit to be performed?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Audit is an exercise to obtain reasonable assurance about whether t...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Question Posted:
Students also viewed these Auditing questions
-
What is the client acceptance and continuance process?
-
Do auditors need to find immaterial financial statement misstatements?
-
What is a test of controls?
-
Children out of School in America is a report on delinquency of school-age children prepared by the Childrens Defense Fund (CDF), a government-sponsored organization. Consider the following three...
-
After the major accounting scandals with Enron, a large energy company, the question may be posed, Was there any way to examine Enrons accounting books to determine if they had been doctored? One way...
-
To improve package tracking at a UPS transfer facility, conveyor equipment was upgraded with RFID sensors at a cost of $345,000. The operating cost is expected to be $148,000 per year for the first 3...
-
The August 2025 transactions of Jackson Productions Ltd, which uses a job order costing system, are shown below. (Ignore GST.) 1. Raw materials purchased, $171 000. 2. Raw materials issued to...
-
1. Compute the net investment required to establish the collection subsidiary. 2. Compute the annual net cash flows over the 10-year life of the project. 3. Compute the net present value of this...
-
10. Re-write the following if statement as a switch statement. int value (0); cin >> value; if (value) -2 || value 1) f cout < < "value 1 or 2"; } else if (value = 4 || value -- 5) { cout < < "value...
-
You were just hired as an analyst for a credit rating agency that evaluates publically listed companies in the United States. The company already has some Data Analytic tools that it uses to evaluate...
-
What is the set of standards against which U.S. financial statements are usually analyzed in an audit?
-
What audit results cause a preliminary conclusion that internal control over financial reporting is effective?
-
Show that the line with equation y = 2x 3 cannot be a tangent to the curve with equation y = x 3x + 5.
-
Colley Energy, an independent producer, has average production from Lease A of 100 bbl/day in 20XA from Lease A. The average selling price of oil in 20XA is $120/bbl. Net income from Lease A in 20XA...
-
Electroluxthe Swedish multinational manufacturer of household appliances and white goods (refrigerators and washing machines)manufactures compressors in Kiev (Ukraine) for assembly and distribution...
-
We recently implemented an email system that allows staff to send large group emails at the touch of a button. However, not everyone has grown used to the pitfalls which became apparent when a...
-
Burnout Oil Corporation has been in operation for 10 years. Burnout, the operator of Lease A, purchased casing with a list price of $60,000 for a joint interest property in which it has a 40% WI. The...
-
Blowout Oil Corporation, a successful efforts company, transferred an item of equipment from its wholly owned warehouse to a jointly owned lease in which it has a 60% WI. The item of equipment is in...
-
In Problems 2940, find the exact value of each logarithm without using a calculator. log 8 8
-
Under what conditions is the following SQL statement valid?
-
How does control risk affect the nature, timing, and extent of further audit procedures?
-
How does control risk affect the nature, timing, and extent of further audit procedures?
-
What are the five components of managements internal control?
-
Individual Retirement Account (IRA) Bonds Mutual fund Stocks Futures Defined contribution plans What is it? Level of Risk and Potential Return Minimum investment? Easy to start or stop?
-
1. A company purchased machinery in 2015 for $400,000. Its value in 2018 was $320,000. Assuming the resale value decreases exponentially, what will the value be in 2020? As a part of your solution,...
-
ROA of a company is 8.57%, Total assets end of the year of 2021 are $9.6 million, ROE is 14% and Profit margin of 19.9% what is the firms value of net income? and what is stockholders equity?
Study smarter with the SolutionInn App