$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ACC621 Issue In Auditing Practice

tag 0 Download8 Pages / 1,814 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Prepare a report for the audit senior, which addresses the 5 issues below.
1. The audit partner has suggested that the preliminary assessment of materiality for the financial report as a whole be set at $15,000. Comment on the appropriateness of this figure for your client. Provide evidence to support your view. Include a brief discussion of the effect that changing the preliminary assessment would have on the audit budget.
2. Prepare an analytical review (in the form of a trend analysis) using the income statement items from the trial balance. Note: Present your analysis in table format;comments on the results are not required for requirement 2.
 
Use the trend analysis to identify 4 income statement accounts that appear to be atrisk of material misstatement. Provide justification for why these accounts should be subjected to significant audit testing. In your explanations, identify an assertion that is likely to be at-risk for each account (i.e. identify 1 assertion per account; 4 in total).
4. For each account and assertion identified in requirement 3, design and describe an audit procedure that would provide relevant evidence for this (i.e. describe 1 procedure for each account; 4 procedures in total). Note: you need to explain the procedures in your own words with as much detail as possible (for example, if applicable, identify the sampling frame and specific documents required for your procedure).

5. The audit partner has suggested that fraud risk should not be considered for this client, as he feels that the client’s staff are all very trustworthy. Comment on the appropriateness of the audit partner’s suggestion. Identify whether there are any indications of fraud evident in the analytical review.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 8 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Issue In Auditing Practice. Retrieved from https://myassignmenthelp.com/free-samples/acc621-issue-in-auditing-practice/step-methods.html.

My Assignment Help (2021) Issue In Auditing Practice [Online]. Available from: https://myassignmenthelp.com/free-samples/acc621-issue-in-auditing-practice/step-methods.html
[Accessed 22 April 2021].

My Assignment Help. 'Issue In Auditing Practice' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/acc621-issue-in-auditing-practice/step-methods.html> accessed 22 April 2021.

My Assignment Help. Issue In Auditing Practice [Internet]. My Assignment Help. 2021 [cited 22 April 2021]. Available from: https://myassignmenthelp.com/free-samples/acc621-issue-in-auditing-practice/step-methods.html.


Getting nightmare regarding pending chemistry assignment? Then it is high time you consider hiring chemistry assignment help service of MyAssigemnthelp.com. We at MyAssignmenthelp.com deliver quality subject specific assistance on more than 100+ subjects. For us, students' need is foremost, and we work round the clock to offer science, humanities and commerce assignment help. Among Commerce wing, our one of the most popular services is capital budgeting assignment help. In science segment, we have gained popularity with biology assignment help.

Latest Audit Samples

HI6026 Audit Assurance And Compliance

Download : 0 | Pages : 9

Answer: The purpose of the project is to review and analyse the impact of the new provisions of Enhanced Auditor Reporting that has been commenced in the year 2016. The auditors are now required to fulfill additional requirements to bring about greater transparency in the reporting system. This will be achieved by evaluating the annual report of a company, which also contains auditor’s report. The purpose of imposing these standards is t...

Read More arrow

ACCT6006 Auditing

Download : 0 | Pages : 10

Answer: The present study is related to the Dick Smith Electronic Ltd, which was collapsed in the year 2016. In this study, the history of the company along with the reason for shutting down is evaluated. There are some factors which give an indication about the going concern capability of the organization are also stated. This study also provides the analysis about evidence which leads to the doubt on the going concern of the company based on...

Read More arrow

ACCT 408 Auditing

Download : 0 | Pages : 3

Answers: 1.Audit logs in IT security are the data in which the computer stores them so that in case of any security issue in the information system, these logs can be referenced. The information which are contained in the logs are files pertaining all the transactions being undertaken in the computer system. This logs can be attempts such as login success or failure or files access failure or success. They are able to show the threats which ar...

Read More arrow

MAA303 Auditing And Assurance

Download : 0 | Pages : 4

Answer: Answer to case A: When it is noticed that the total fees from the audit client constitute a large portion of the total fees of the firm stating their audit opinion, the reliance on that client and concerns relating to losing the client results in self-interest or intimidation threat. The significance relating to such threat should be assessed and safeguarded when it becomes necessary to eliminate the threat at the acceptable level (Ha...

Read More arrow

AC3557 Auditing

Download : 0 | Pages : 10

Answer: 1. Research the history of audit exemption in the European Union and discuss the changes in audit exemption thresholds in the United Kingdom. As per the resolution passed by the European Parliament in June 2013, broadly entities apart from public interest entities (which is basically those entities whose securities are widely traded in the stock market, lending institutions, insurance providers and any other entity which has been spe...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,659,221

Orders

4.9/5

Overall Rating

5,122

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Not Graded yet. The assignment was proper and exactly as required. It was provided on time and thank you and it was a great experience.

flag

User Id: 674489 - 21 Apr 2021

Australia

student rating student rating student rating student rating student rating

Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your...

flag

User Id: 233928 - 21 Apr 2021

Australia

student rating student rating student rating student rating student rating

Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your hard work!Thank you for your...

flag

User Id: 233928 - 21 Apr 2021

Australia

student rating student rating student rating student rating student rating

Nice work and deliver on time. The work is professional and plagiarism free. Thank you.

flag

User Id: 346993 - 21 Apr 2021

Australia

student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?