Auditing

away Auditing AC555 Week 3 HW CHAPTER 6 6-19:a. (2.)b. (2.)c. (1.) 6-20:a. (1.)b. (2.)c. (1.) 6-27: a.Management assertions ar implied representations by worry about the classes of transactions and related accounts in the financial statements. There argon five broad categories of assertions. These assertions are the alike(p) for every transaction calendar method and account. General transaction-related anticipate objectives are essenti in ally the same as management assertions miss they are expanded somewhat to help the meeter see which scrutinize shew is necessary to satisfy the management assertions. Accuracy, classification, timing, and scorecard and summarization are a subset of the valuation or assignation assertion. particularized transaction-related audit objectives are examined by the auditor for for separately one general transaction-related audit objective. These are performed for each transaction cycle to help the auditor determine t he ad hoc amount of evidence needed to satisfy the general transaction-related audit objectives for that cycle. SPECIFIC TRANSACTION-RELATED analyze impersonal| b. MANAGEMENT ASSERTION| c. ecumenical TRANSACTION-RELATED AUDIT OBJECTIVE| a. | 3.| 8.| b.| 3.| 11.| c.| 1.| 6.| d.

| 3.| 9.| e.| 2.| 7.| f.| 3.| 10.| CHAPTER 7 7-14:The decrease of the current proportionality indicates a liquidity line for Harper Company. The auditor should determine that the 2.05 ratio is correct since management would be interested in hiding a rase ratio. The auditor should expand procedures to psychometric test all current assets for realistic overstatement and to test all cu! rrent liabilities for proper understatement. 7-27:a. (2.)b. (1.)c. (4.)d. (4.) 7-28:a. (3.)b. (3.)c. (4.)d. (4.) 7-29:a. 1. External 7.Internal13.Internal...If you want to get a full essay, site it on our website: BestEssayCheap.com

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