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 monetary statements. There argon five broad categories of assertions. These assertions are the homogeneous for every transaction calendar method and account. General transaction-related catch objectives are essenti completelyy the same as management assertions but they are expanded somewhat to help the attendee resolve which analyse shew is necessary to satisfy the management assertions. Accuracy, classification, timing, and circuit board and summarization are a subset of the valuation or parceling assertion. particularized transaction-related audit objectives are decided by the auditor for for individually one general transaction-related audit objective. These are performed for each transaction cycle to help the auditor deter mine the specialized amount of evidence needed to satisfy the general transaction-related audit objectives for that cycle. SPECIFIC TRANSACTION-RELATED analyze impersonal| b. MANAGEMENT ASSERTION| c. oecumenical 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 ratio 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 seek all current assets for realistic overstatement and to test all current 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: OrderEssay.net

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