Possible Error or Fraud Due to Weakness
1. Are all Employees paid by check or direct deposit?
1. Errors in withholding
Is a Special payroll bank account used?
Bank reconciliation errors
3. Are payroll check signed by a persons who do not p
GE: How Much Are Auditors Paid?
1. Sarbanes-Oxley seems to better the perceptions of auditors independence
because they dont allow certain types of nonaudit services that have been
controversial when it come to their impact on auditors inde
ZZZZ Best, Case
1. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ
Best but did issue a review report on the company's quarterly statements for three
months ended July 31, 1986. How does a review differ f
1) Some of the members of Phar-Mors financial management team were former auditors
for Coopers & Lybrand.
a) Why would a company want to hire a member of its external audit team?
A company may want to hire a member of
The company could be tempted to change accounts in order to avoid reporting an income
decrease because sales decreased by 10%. That might make the company like less attractive for
the investors and creditors. The compan
a) What is the difference between auditing procedures and auditing
Auditing procedures: its an auditor technique in gathering auditing evidence to verify the
reliability of the accounting records. The auditor
There are three General Accepted Accounting principles, which are Responsibilities,
Performance, and Reporting. The Fundamental principle of Responsibilities details the
personal integrity and professional qualifications of auditors. An Aud
The name of the company that fraud was committed towards was LaSalle
University. La Salle University employs a disabled professor who is blind, named Jane
Smith. The University pays any expense that the profe
Audit Command Language (ACL) software is one of the computer assisted audits
tools that auditors, Accountants, finance executives and other data analysts can
use for data extraction and analysis for the detection and invest
On April 9th, I attended a presentation about BBD by Bobbi Kelly. BBD is a nationally
recognized CPA firm formed in 1997 in Philadelphia and currently ranks among the 25 largest
CPA firms in Philadelphia. The firm primarily specializes in the investment m
763 Jericho rd, Philadelphia, PA 19124
Home: 2152895434 • Cell: 2158337299
Full time Accounting major student at LaSalle University, with strong motivation to succeed.
Work great under pres
You should get evidence to decide whether sales were recorded in the right period and
whether accounts receivable represented the amounts due from customers at year-end.
Sales terms should be pr
The existence of the orders for supply of toys was not there, also, the inventory
records were not complete as there was no physical demarcation of goods sold on bill and
hold basis, the valuation of t
The existence of the orders for supply of toys was not at hand. Also, the inventory
records were not complete as there was no physical separation of goods sold on bill and
hold basis. The valuation of t
Audit Command Language (ACL) software is one of the computer assisted
audits tools that auditors, Accountants, finance executives and other data
analysts can use for data extraction and analysis for the detection and
Accounting 304, Review for Final Exam
Question 2, (22 points) Module E Overview of Sampling
Essay: Short answers
a. Describe Variable Sampling and Attribute Sampling (pages 730-736)
Variable Sampling = Tests of controls
Attribute Sampling = Tests of year-