solution 6-26 (2) corrected

solution 6-26 (2) corrected - Hp HEATED ALDI'I’[EJECTNE...

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Unformatted text preview: Hp HEATED ALDI'I’ [EJECTNE NI mm: nnlhe list James hum Illa MANAGE” .AfiEIITIGN 3. Valumiun or nllucalim Ouncem lhe classificaliun a! mum renewhle and is mrnel amt-5e ul' memes: am are um due from luleled parties. Illu'ekle a pan ul'lhe plaseiflcaliun 'ulsjeclive find me valuanun or aliucam'un assemcn Some people beieve I'll like ileln e.. II B a pm nl presemuim and deduwre. Cumll' Is a pen cf [he umfl' uheelive and tumble pert ul the valuelbn ul ale-cation assenlcn 1 Valuation or film Sales culollalyear— end Ispropel. Management medians are implied or expressed renresem‘allons by management shall Ihe clause of Iransanhne and telalad mum: in lhe financial smtamenls'. 5.55 106 idanfifies five asaarfiune about clams of narsauinns which ale stated in me [Italian-L 1hesa alieniuns ale Ihe same for every uaneeclion cycle and account. General mauion-reialed aud'l objeclives are eeeenlially the same as management assertions burthey are expanded somewhatm help lhe audiw declde which audit evidence Is necessary no sansfy me management assertlnns. Macy and posting and summarizallon are a subset of the accuracy essemnn. speclllc museum-related audit objectives are determined by Ihe audmr for each general emanation-rem auril :tiieclive. These He done in! each meridian cycle in help lhe audhur detelmine Ihe specific. amount of evidence needed lor mat cycle to saw the general Immun- releted audit nhieaiuee. b. Md . . . c. The easlest way to do I'll: pmbleln I: ll: lllst Idel'ilily lhe general mammalian-related Built- hhjemlvee in: each specjllc transamim- raialed audit abjecliva It is then easy! to detelmina [he rnanngemehl riim us‘ng Table 6-3 (p‘ LEE in next) as a guide. ...
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