What is the difference between recalculation and re-performance? Explain using examples.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Recalculation involves checking additions and computations Reperformance means following ...View the full answer
Answered By
Sarah Khan
My core expertise are:
-_ Finance
-_ Business
-_ Management
-_ Marketing Management
-_ Financial Management
-_ Corporate Finance
-_ HRM etc...
I have 7+ years of experience as an online tutor. I have hands-on experience in handling:
-_ Academic Papers
-_ Research Paper
-_ Dissertation Paper
-_ Case study analysis
-_ Research Proposals
-_ Business Plan
-_ Complexed financial calculations in excel
-_ Home Work Assistance
-_ PPT
-_ Thesis Paper
-_ Capstone Papers
-_ Essay Writing etc...
5.00+
91+ Reviews
92+ Question Solved
Related Book For
Question Posted:
Students also viewed these Auditing questions
-
Explain what is meant by recalculation and reperformance. Give an example of each type of audit evidence. Why are recalculation and reperformance often dual-purpose tests?
-
What is the difference between data, information, and knowledge? Give examples of each.
-
What is the difference between a permanent and a temporary account? Give examples of each.
-
For the inexperienced marketer, the similar-but-different aspect of culture creates an illusion of similarity that usually does not exist. Discuss and give examples.
-
The XYZ companys current production processes have a scrap rate of 15% and a return rate of 3%. Scrap costs (wasted materials) are $12 per unit; warranty/repair costs average $60 per unit returned....
-
Based on the new Department of Labor guidelines (October 2022) - would Uber drivers be classified as employees or contractors? Fully explain your answer. Note: These are DOL guidelines and are not...
-
A liquid with \(S G=0.96, \mu=9.2 \times 10^{-4} \mathrm{~N} \cdot \mathrm{s} / \mathrm{m}^{2}\), and vapor pressure \(p_{u}=1.2 \times 10^{4} \mathrm{~N} / \mathrm{m}^{2}\) (abs) is drawn into the...
-
Refer to the data in S10-8. Using only year-end figures rather than averages, compute the following for Ridgeview Employment Services: a. Net income b. Total liabilities c. Total assets (use the...
-
Let r(t) = (3t2, sin(t) - tcos(t), cos(t) + tsin(t)), t > 0. (a) Find the vectors unit tangent vector T and unit normal vector N. (b) Find the curvature. (c) Find the binormal vector B. (b) Find the...
-
The box plot below shows the amount spent for books and supplies per year by students at four year public colleges. a. Estimate the median amount spent. b. Estimate the first and third quartiles for...
-
What are the evidence-gathering procedures an auditor might use? At which stages of the audit are these procedures appropriate? How do the procedures relate to the types of evidence an auditor can...
-
Required For each of the following items, identify the related assertion: (a) Inventory is recorded at the lower of cost and net realizable value. (b) All delivery vans recorded in the accounting...
-
a. Sammys Seashore Supplies rents beach equipment such as kayaks, canoes, beach chairs, and umbrellas to tourists. You created a Rental class for the company. Now, make the following change to the...
-
Kmeciak Corp. incurs unit costs of $6.20 ($5.10 variable and $1.10 fixed) in making a gear for its finished product. A supplier offers to make 8,300 of the assembly part at $5.30 per unit. If the...
-
An "incident" of potentially great international importance occurred involving the Saudi Arabian consulate in Turkey this past week. First, identify what is alleged to have occurred, who it involved,...
-
Express the matrix A and its inverse A-1 as a product of elementary matrices. 1 3 0) A=0 0 5 3 10 0
-
1. Find the regular expression for the following finite automaton using ardens theorem? a F
-
what ways does the loss of genetic diversity within a population impact its adaptive potential, and how might this contribute to the overall vulnerability of a species to environmental changes ?
-
In Exercises find the area of the region. One petal of r = cos 5
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
Analytical procedures: (a) Cannot be performed on interim data. (b) Are not affected by different accounting methods between the client and other members of the industry. (c) Must take into account...
-
Analytical procedures: (a) Cannot be performed on interim data. (b) Are not affected by different accounting methods between the client and other members of the industry. (c) Must take into account...
-
Analytical procedures: (a) Cannot be performed on interim data. (b) Are not affected by different accounting methods between the client and other members of the industry. (c) Must take into account...
-
You are a supervisor at your company. You've overheard Employee A making offensive comments to other employees, and Employee B has complained about these comments. You've given Employee A a verbal...
-
What is the probability of developing and dying from cancer today?
-
On January 1, 2024, Majestic Mantles leased a lathe from Equipment Leasing under a finance lease. Lease payments are made annually. Title does not transfer to the lessee and there is no purchase...
Study smarter with the SolutionInn App