D fjord company ltd is producing promotional mate

This preview shows page 47 out of 47 pages.

d . Fjord Company Ltd. is producing promotional mate- rial for its sales staff to use to get new customers. The promotional material includes a section titled “Fjord Company Facts” that lists company information such as the names of Fjord’s CEO, CFP, COO, law firm, and accountant. e . PA has performed an audit of Haflinger Inc. and has concluded that a denial of opinion is warranted because of severe internal control weaknesses and concerns about management’s integrity. f . PA prepares Hunter Inc.’s corporate tax return based solely on financial information produced by Hunter’s accounting staff. LO.10 D ISCUSSION C ASES DC 1 Internal Control Reports. Do a class survey of internal control reports by auditors in 2006 at . What is the most common criterion used to evaluate internal controls? Discuss. DC 2 Controls and Financial Statements. Should there be a relationship between audit reports on internal control statements and audit reports of financial statements? Discuss. DC 3 Critical Thinking and the Assurance Framework. CAS 700 notes a distinction between a fairness of presentation reporting framework and a compliance reporting frame- work. From the assurance framework perspective, what suitable criteria seem to be used for each framework? DC 4 Critical thinking and the GAAP hierarchy. Is the FASB’s 2008 GAAP hierarchy a fairness of presentation framework? LO.3 LO.3
Image of page 47
  • Fall '12
  • Smith
  • Accounting, Accountant, Auditor's report, CICA Handbook

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern