Auditing Q&As Get 2X Simpler : Page - 3

Background of Plush LimitedIt is now 30 November 2021 and you are part of your firm’s team engaged on the audit of the financial statements of Plush Limited (Plush) for the year ended 30 September 2021.The company is a new client of your firm and the following points are pertinent to the audit. 1) Plush is a UK retailer with a chain of shops selling jewellery, gem stones and watches. In its early years of trading, the company profited w...

Introduction and Recommendation1. The memorandum should present an introduction which includes your recommendation and a preview of what you did to come up with you recommendation. 2. Following the introduction should be a brief (one paragraph) company profile that comments on, among other items, the history of the firm, its major products, and operating environment (e.g., industry, geographic locations, etc.). 3. The report should include an ...

Course Code   :  ACCT413

Course Title   :  Internal Auditing and Controls

Ref style  :  APA

4/5 

Natural GasI have highlighted the required section to be done one page 17. The interview questions needed are in APPENDIX 3 on pages 25-30. also pages 5-7 gives a general idea about the company. The overall goal of this project is to provide you with a semester-long simulation of an audit of the financial statements of a pipeline company. There are three main objectives behind this simulation: 1.To help you better understand the concepts p...

Objectives of Internal Controls for Purchases and Payables SystemsQuestion 1  Required:a) Critically discuss FIVE (5) objectives of internal controls that should be exercised over a purchases and payables system. (5 marks)b) With regards to the controls exercised over the purchases and payables system of the case study: i) Identify and explain the implications of SIX (6) weaknesses in the system. (12 marks)ii) Recommend improvemen...

Project ObjectivesColAlta Pipeline: An External Auditing Simulation The overall goal of this project is to provide you with a semester-long simulation of an audit of the financial statements of a pipeline company. There are three main objectives behind this simulation: To help you better understand the concepts presented in the external audit course by giving you some hands-on practice related to those concepts; To provide you with exampl...

SituationSituation:Murray Interiors Ltd. (MIL) is a retailer of high-end furniture. MIL has been in operation in Canada for nearly 50 years and was founded by Margaret. MIL is a family-run business, and Margaret's granddaughter Shannon is MIL's newly appointed chief executive officer and chair of the board. MIL has a December 31 year end. MIL operates 22 retail stores across Canada and has three warehouses located in Sudbury, Ontario; Edmon...

Overall Allocation Analysis using Morningstar X-RaySection I: The Analysis 1. We can start analyzing the Overall Allocation of the 401(k) plan by using the X-Ray Overview section of Morningstar (located in the supplemental document titled: “Documents for the Case Study”) to answer the following questions: a. Does the current allocation of your friend’s 401(k) plan satisfy the desired overall allocation? Please explain your answ...

Task: Gothic Kings Ltd. Is a 100% owned subsidiary of Hadrian Inc. Gothic has been profitable in the past but incurred a loss for the year ended December 31, 20X3. Hadrian has indicated that if Gothic incurs another loss, the company will be put up for sale. Gothic is taking several steps to remedy the profit situation, including expanding into new markets which requires new investments.The company has applied to a financial institution for fi...

Task Question Better Spirit Ltd operates eight bars in Auckland and two bars in Hamilton .Th They also have a brewery, which supplies beers to their bars and sells to liquor stores in Auckland. Each bar is considered to be a Cash Generation Unit (CGU). The audit fieldwork for Better Spirit Ltd's 30 June 2021 fin andal statements was completed on 10 August 2021. Both the auditor's report and financial statements were signed on 15 August 2021, ...

Course Code   :  ACCT1059

Course Title   :  auditing 1

Ref style  :  Harvard

4/5 

Procedure #3: Describing subsequent eventsTasks In Caseware ProVision platform, Phase C - Reporting:  1. Completing Task: Completion: (a) Procedure # 3: describe three subsequent events, one for each type of actions (adjustment, disclosure and do nothing) (b) Procedure # 6: describe three items in Detailed Audit Findings and Communication to those charged with Governance, ensure you describe clearly your audit findings in three colu...

History and BackgroundSmackey Dog Foods Inc. started in the kitchen of Sarah, Kim, and Jillian's family home in the suburbs of Chicago. The three sisters initially bought the ingredients for their natural dog food recipes from the local grocery store. They used their dogs and the neighborhood dogs as their taste testers. Their dog food products were so good, the local kennels and veterinary offices were glad to distribute the sisters' products...

Analyzing the Audit Report and Ascertaining Legal Liability to Third PartiesThe Expert can choose another company if he/she has trouble finding the information for any of those 2 companies included in the attachment. Please note, however, it has to be a company with a recent scandal - last  Or another company in the last 5 years based on Expert Choice Write a 3–4 page paper in which you: Analyze the audit report that the CPA firm issu...

Overview of Anthony's Building Company Ltd.Answer AT LEAST TWO questions, and NO MORE THAN THREE questions from this section. You are the audit partner for Anthony’s Building Company Ltd. (ABC), a property developer specialising mainly in residential housing. At the end of 2019, the assets of the company were valued at cost at £250m. Sales totalled £100m for the year with ABC 10% net profit. Seeking to diversify, in the first t...

Factors concerning auditors for Top Notch Homes Ltd.Top Notch Homes Ltd. (TNH) is a privately owned company selling a luxury range of home equipment. Fiona Fielding, the daughter of the company’s founder, took over responsibility for running the company in December 2018. She has little management experience. Her main interest is in developing a new business line to broaden the company’s activities. She has no interest in day-to-day i...

Details ProvidedYou are an audit manager in Yates & Co, a firm of chartered certified accountants responsible for the audit of Gringe Co. The audit planning for the financial year ended 30 June 20X5 is about to commence. You have been provided with the following details: 1 An email received from the audit engagement partner. 2 Draft financial information for the year ending 30 June 20X5. Respond as much as possible to the details in th...