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 following questions deal with contingent liabilities and the review for subsequent events. Choose the best response. a. When a contingency is resolved subsequent to the issuance of audited financial statements, which correctly contained disclosure of the contingency in the footnotes based on information available at the date of issuance, the auditor should (1) inform […]
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.
Both transaction-related and balance-related audit objectives include objectives related to presentation and disclosure. Visit the website of the United States Securities and Exchange Commission (SEC) and locate the Accounting and Auditing Enforcement Release (AAER) No. 3850 issued on January 18, 2017 against General Motors (GM). a. What was the problem with GM products that led […]
Financial Planning Case Study Metastasis Magnetics Corp. Part 2 Metastasis Magnetics Corp. (“MMC”) is now completing its first year of operations. The Company has raised the Series A round of financing as determined in Part 1. The three founders are at a crossroads. At the end of their first year, they will be close to […]
Business Analytics Complete Cardio Good Fitness Case _Phase I Assignment in the Appendix A of this document. As a member of the marketing analytics team at Ad Right, YOU are assigned to participate in this task. Based on the data analysis that appears on the following pages, present a written summary that highlights the typical […]
1.Use appropriate descriptive statistics to summarize the following data and comment on their underlying distributions. Use cross-classification and contingency tables where useful. For quantitative data, your presentations should entail an outlier study and results and implication for the analysis that follows. Comment on shape and skewness of the distribution. For qualitative data, your answer should […]
Explain the difference between Summary table and Contingency Table What is the Marginal Distribution? What is the Joint Distribution? In the example below, calculate the Marginal, Joint, and Conditional Distributions of the variables:
Using a topical and specific issue regarding COVID-19 PPE requirements, define the role of Risk & Contingency Planning, slide 7-19 regarding Technical Risks and Schedule Risks to alleviate the dire situation. *Will add slides in added files
The Managing Director (MD) has read your report and agreed with the project specification and project communication plan. He has asked you to create a Prezi presentation for the senior management team to explain your contingency plans and closing phases of the project. You will provide speaker notes at the end of the session. Instructions […]
