In an audit of the Marco Corporation as of December 31, 2019, the following situations exist. No entries have been made in the accounting records in relation to these items. 1. During the year 2019, the Marco Corporation was named as a defendant in a suit for damages by the Dalton Company for breach of […]
You are doing the first-year audit of Sherman School District and have been assigned responsibility for doing a four-column proof of cash for the month of October 2019. You obtain the following information: In-class Discussion Required *Based on AICPA question paper, American Institute of Certified Public Accountants. 778Part 4 / APPLICATION OF THE AUDIT PROCESS […]
Parts for Wheels, Inc., has historically sold auto parts directly to consumers through its retail stores. Due to competitive pressure, Parts for Wheels installed an Internet-based sales system that allows customers to place orders through the company’s website. The company hired an outside website design consultant to create the sales system because the company’s IT […]
