While performing analytical procedures, an auditor at A.E. CPA firm uncovers a critical audit matter involving a complex revenue recognition issue that,

While performing analytical procedures, an auditor at A.E. CPA firm uncovers a critical audit matter involving a complex revenue recognition issue that, if unresolved, could materially impact the financial statements. In your initial post, answer the following questions: Identify the considerations that should guide the decision on the type of audit opinion to issue. Should […]

PRICE FOR BOTH PARTS PLEASE!  Custodial Fund Accounting You will have 2 deliverables for this assignment: (1) Part A: Excel Spreadsheet and (2) Part B: a

PRICE FOR BOTH PARTS PLEASE!  Custodial Fund Accounting You will have 2 deliverables for this assignment: (1) Part A: Excel Spreadsheet and (2) Part B: a 2-3 slide presentation. Part A: The Snowflake County tax collector is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. The […]

The total amount is for ALL 3 PARTS!!! Using Excel to Examine Revenue Trends and Outliers in the U.S. Department of Interior Data First, access the

The total amount is for ALL 3 PARTS!!! Using Excel to Examine Revenue Trends and Outliers in the U.S. Department of Interior Data First, access the following database: U.S. Department of Interior Natural Resources Revenue Next, download the file named: Fiscal year revenue, 2004 – 2023 (csv, 4MB) Open the document in Excel (or Google Sheets) and […]

Assume you are testing a sample of the accounts receivables for an audit client and, with the use of monetary unit sampling, have calculated a total

Assume you are testing a sample of the accounts receivables for an audit client and, with the use of monetary unit sampling, have calculated a total estimated misstatement of $446,500. The audit team has set the tolerable misstatement threshold at $450,000 and the ending accounts receivable balance for the audit year is $2,250,000. With regard […]

Assume you are testing a sample of the accounts receivables for an audit client and, with the use of monetary unit sampling, have calculated a total

Assume you are testing a sample of the accounts receivables for an audit client and, with the use of monetary unit sampling, have calculated a total estimated misstatement of $446,500. The audit team has set the tolerable misstatement threshold at $450,000 and the ending accounts receivable balance for the audit year is $2,250,000. With regard […]

Understanding The Audit Client Before the Audit Auditors must develop industry and client specific knowledge. Identify the inherent risks of retail sales

Understanding The Audit Client Before the Audit Auditors must develop industry and client specific knowledge. Identify the inherent risks of retail sales: brick & mortar vs. e-commerce. Additionally, identify two key accounting cycles relevant to the retail sales industry.  An important aspect of an audit is understanding the industry the audit client operates in. Ribio […]

During a calendar year audit of Avelis Industries Inc., an established espresso machine wholesaler, the auditing firm discovers that several checks are

During a calendar year audit of Avelis Industries Inc., an established espresso machine wholesaler, the auditing firm discovers that several checks are out of sequence on the subsequent month’s (January) bank statement. After further inquiry, it is discovered that Katie Larello, the company’s president, takes a 2 week break at the end of each year. […]