completeness Archives

An auditor is in the process of performing substantive procedures on a client’s stock- holders’ equity and vouches stock-related transactions recorded during the year to board minutes. Which of the following assertions is the auditor testing with these procedures?

Posted on February 22, 2023 by Assessments

The following questions concern auditor responsibilities related to the audit of the capital acquisition and repayment cycle. Choose the best response. a. An auditor is planning the test of details for a client’s debt transactions. In order to test the existence and occurrence assertion, the auditor would most likely perform which of the following tests? […]

Describe a contingency. What conditions are required for a contingent liability to exist?

Posted on February 19, 2023 by Assessments

1. What procedures do auditors typically follow to address the completeness of disclosures? 2. Describe a contingency. What conditions are required for a contingent liability to exist? 3. Distinguish between the two general types of subsequent events and explain how they differ. Give two examples of each.

The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective for inventory?

Posted on February 18, 2023 by Assessments

The following questions deal with tests of details of balances and substantive analytical procedures for inventory. Choose the best response. a. An auditor selected items for test counts while observing a client’s physical inventory. The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective […]

The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective for inventory?

Posted on February 16, 2023 by Assessments

The following questions deal with tests of details of balances and substantive analytical procedures for inventory. Choose the best response. a. An auditor selected items for test counts while observing a client’s physical inventory. The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective […]

Which of the following audit procedures is best for identifying unrecorded trade ac- counts payable?

Posted on February 15, 2023 by Assessments

The following questions concern accumulating evidence in the acquisition and payment cycle. Choose the best response. a. In auditing accounts payable, an auditor’s procedures most likely will focus primarily on management’s assertion of (1) existence. (2) realizable value. (3) completeness. (4) valuation and allocation. b. Which of the following audit procedures is best for identifying […]

Which of the following controls would be most effective in detecting a failure to re- cord cash received from customers paying on their accounts?

Posted on February 11, 2023 by Assessments

The following questions deal with internal controls in the sales and collection cycle. Choose the best response. a. Which of the following controls would be most effective in detecting a failure to re- cord cash received from customers paying on their accounts? (1) A person in accounting reconciles the bank deposit to the cash receipts […]

Create an analysis of the logic and completeness of the author’s argument and one which includes a discussion of the article’s strengths and weaknesses.

Posted on September 3, 2020 by Ambrose

A critical analysis is an analytical study of a scholarly journal article relevant to required course readings and class work. Be mindful that journal articles are scholarly sources and not just any article located on the Internet that might be based upon opinion only and subject to bias. While there are a plethora of applicable journals, two examples of […]

Essay Quoll

Tag: completeness

An auditor is in the process of performing substantive procedures on a client’s stock- holders’ equity and vouches stock-related transactions recorded during the year to board minutes. Which of the following assertions is the auditor testing with these procedures?

Describe a contingency. What conditions are required for a contingent liability to exist?

The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective for inventory?

The auditor traced the test counts to the client’s inventory listing. This procedure likely obtained evidence about which balance-related audit objective for inventory?

Which of the following audit procedures is best for identifying unrecorded trade ac- counts payable?

Which of the following controls would be most effective in detecting a failure to re- cord cash received from customers paying on their accounts?

Create an analysis of the logic and completeness of the author’s argument and one which includes a discussion of the article’s strengths and weaknesses.