L2 Notes_Part_8 - The Baluff Company audit must be made at...

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Consistency Auto Delivery Company has a fleet of several delivery trucks. In the past, Auto Delivery has followed the policy of purchasing all equipment. In the current year they decided to lease the trucks. The method of accounting for the trucks is therefore changed to lease capitalization. This change in policy is fully disclosed in footnotes.
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Other Auditor Situation Principal auditor? 4 reporting options. Criteria for assessing other auditor, naming other auditor You are newly engaged by the Baluff Company, a New England manufacturer with a sales office and warehouse located in a western state.
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Unformatted text preview: The Baluff Company audit must be made at the peak of your busy season when you will not have a senior auditor available for travel to the western outlet. The Baluff company has informed you that they are unwilling to bear the travel expenses of an out-of-town auditor. They have followed your recommendation and engaged the CPA firm of Tucker & Miller to audit the western outlet which represents 15% of Baluff's sales. You helped devise the audit plan of the western outlet and your review of Tucker & Miller's work indicates their work was excellent....
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