-50%

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

$12.99$25.99

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

15-26 (Objectives 15-3, 15-5, 15-7)
Lenter Supply Company is a medium-sized distributor of wholesale hardware supplies in the central Ohio area. It has been a client of yours for several years and has instituted excellent internal controls for sales at your recommendation.
In providing control over shipments, the client has prenumbered “warehouse removal slips” that are used for every sale.
It is company policy never to remove goods from the warehouse without an authorized warehouse removal slip. After shipment, two copies of the warehouse removal slip are sent to billing for the computerized preparation of a sales invoice.

Description

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

15-26 (Objectives 15-3, 15-5, 15-7)
Lenter Supply Company is a medium-sized distributor of wholesale hardware supplies in the central Ohio area. It has been a client of yours for several years and has instituted excellent internal controls for sales at your recommendation.
In providing control over shipments, the client has prenumbered “warehouse removal slips” that are used for every sale.
It is company policy never to remove goods from the warehouse without an authorized warehouse removal slip. After shipment, two copies of the warehouse removal slip are sent to billing for the computerized preparation of a sales invoice.
One copy is stapled to the duplicate copy of a prenumbered sales invoice, and the other copy is filed numerically. In some cases, more than one warehouse removal slip is used for billing one sales invoice. The smallest warehouse removal slip number for the year is 11741 and the largest is 34687.
The smallest salesinvoice number is 45302 and the largest is 65747.In the audit of sales, one of the major concerns is the effectiveness of the controls in ensuring that all shipments are billed. You have decided to use audit sampling in testing internal controls.
Required
a.State an effective audit procedure for testing whether shipments have been billed. What is the sampling unit for the audit procedure?
b.Assuming that you expect no exceptions in the sample but are willing to accept a TER of 4%. At a 5% ARACR, what is the appropriate sample size for the audit test? You may complete this requirement using attributes sampling.The appropriate sample size is 75.
c.Design a random selection plan for selecting the sample from the population, using either systematic sampling or computer generation of random numbers. Use the sample size determined in part b. If you use systematic sampling, use a random starting point of 11878.
d.Your supervisor suggests the possibility of performing other sales tests with the same sample as a means of efficiently using your audit time. List two other audit procedures that can conveniently be performed using the same sample and state the purpose of each of the procedures.Test of accuracy, test of timing.
e.Is it desirable to test the occurrence of sales with the random sample you have designed in part c? Why?
16-16 (Objective 16-4)Explain why the analysis of differences is important in the confirmation of accounts receivable, even if the misstatements in the sample are not material.

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 auditing School: DeVry University (DeVry University, Chicago) *Professor:Carlos Caraballo, Cherry, hayes, N/A, TracieHayes, Drakapo… Documents (422) Q&A (25) Textbook Exercises Most important docs of the week 8 pagesACCT444_W2_HW_MLACCT444_W2_HW_ML DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now ACCT444_W2_HW_ML 8 pagesYJ ACCT444YJ ACCT444 DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now YJ ACCT444 9 pagesACCT444_W6_HW_VS.docxACCT444_W6_HW_VS.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT444_W6_HW_VS.docx 8 pagesTeam A_Week5 project part 4&5Team A_Week5 project part 4&5 DeVry University, Chicago auditing

ACCT 444 – Fall 2015 Register Now Team A_Week5 project part 4&5 2 pagesACCT444_W3_HW_SO.docxACCT444_W3_HW_SO.docx DeVry University, Chicago

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Summer 2019 Register Now ACCT444_W3_HW_SO.docx auditing Documents All (422) Essays (15) Homework Help (178) Lab Reports (5) Notes (20) Test Prep (56) Showing 1 to 30 of 422 Sort by: Most Popular 9 pagesACCT444_Week6_ProjPartVI_MG.docxACCT444_Week6_ProjPartVI_MG.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now ACCT444_Week6_ProjPartVI_MG.docx 5 pagesACCT444 Week 3 Quiz.docxACCT444 Week 3 Quiz.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now ACCT444 Week 3 Quiz.docx 3 pagesACCT444_COURSEPROJECT_WK6_CC.docxACCT444_COURSEPROJECT_WK6_CC.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now ACCT444_COURSEPROJECT_WK6_CC.docx 7 pagesCourse Project Gregory Group BCourse Project Gregory Group B DeVry University, Chicago Accounting auditing

ACCT 444 – Winter 2010 Register Now Course Project Gregory Group B 8 pagesWEEK 6 CASE 15-35.docxWEEK 6 CASE 15-35.docx DeVry University, Chicago Auditing

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Fall 2018 Register Now WEEK 6 CASE 15-35.docx 2 pagesACCT444_W4_XBRL.docxACCT444_W4_XBRL.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT444_W4_XBRL.docx 18 pagesAEB_SM_CH06_1AEB_SM_CH06_1 DeVry University, Chicago auditing

ACCT 444 – Fall 2015 Register Now AEB_SM_CH06_1 4 pagesACCT444_W1_ Copy.docxACCT444_W1_ Copy.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT444_W1_ Copy.docx 3 pagesSampling Data Sheet Part DSampling Data Sheet Part D DeVry University, Chicago auditing

ACCT 444 – Spring 2013 Register Now Sampling Data Sheet Part D 3 pagesProject III Acct 444Project III Acct 444 DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now Project III Acct 444 7 pagescourse project Gregorycourse project Gregory DeVry University, Chicago Accounting auditing

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Winter 2010 Register Now course project Gregory 2 pagesACCT 444 Course Project Part VACCT 444 Course Project Part V DeVry University, Chicago auditing

ACCT 444 – Fall 2014 Register Now ACCT 444 Course Project Part V 12 pages185-B-A-A-P_(250) CP part 1185-B-A-A-P_(250) CP part 1 DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now 185-B-A-A-P_(250) CP part 1 2 pagesACCT 444 Course Project Financial Analysis-Part 1ACCT 444 Course Project Financial Analysis-Part 1 DeVry University, Chicago auditing

ACCT 444 – Fall 2014 Register Now ACCT 444 Course Project Financial Analysis-Part 1 7 pagescourse project aacourse project aa DeVry University, Chicago Accounting auditing

ACCT 444 – Winter 2010 Register Now course project aa 8 pagesTeam A Project Week 6Team A Project Week 6 DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now Team A Project Week 6 18 pagesTeam A_Week3 Project Part 1Team A_Week3 Project Part 1 DeVry University, Chicago auditing

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Fall 2015 Register Now Team A_Week3 Project Part 1 4 pagesACCT 444 W3 Course projectACCT 444 W3 Course project DeVry University, Chicago Auditing

ACCT 444 – Winter 2015 Register Now ACCT 444 W3 Course project 2 pagesACCT444_W2_MEMO.docxACCT444_W2_MEMO.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT444_W2_MEMO.docx 18 pagesTeam A_Week3 Project Part 1Team A_Week3 Project Part 1 DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now Team A_Week3 Project Part 1 5 pagesAcct 444- W2- Quiz chpt 5,6,11Acct 444- W2- Quiz chpt 5,6,11 DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now Acct 444- W2- Quiz chpt 5,6,11 10 pagesWeek_6_HW_SolutionsWeek_6_HW_Solutions DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now Week_6_HW_Solutions 2 pagesACCT 444Course Project Part VIACCT 444Course Project Part VI DeVry University, Chicago auditing

ACCT 444 – Fall 2014 Register Now ACCT 444Course Project Part VI 5 pagesAcct 444 – Course Project infoAcct 444 – Course Project info DeVry University, Chicago auditing

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Summer 2014 Register Now Acct 444 – Course Project info 9 pagesACCT 444_Course Project_Week 7_Team C (1)ACCT 444_Course Project_Week 7_Team C (1) DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT 444_Course Project_Week 7_Team C (1) 4 pagesACCT 444 Course Project Part 1 – Group C.docxACCT 444 Course Project Part 1 – Group C.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now ACCT 444 Course Project Part 1 – Group C.docx 2 pagesFinal Part G. Braet and BlackFinal Part G. Braet and Black DeVry University, Chicago auditing

ACCT 444 – Spring 2013 Register Now Final Part G. Braet and Black 8 pagesACCT444_W1_HW.docxACCT444_W1_HW.docx DeVry University, Chicago auditing

ACCT 444 – Summer 2019 Register Now ACCT444_W1_HW.docx 5 pagesPinnacle_answersPinnacle_answers DeVry University, Chicago auditing

ACCT 444 – Summer 2014 Register Now Pinnacle_answers 6 pagesacct 444 week 7 quizacct 444 week 7 quiz DeVry University, Chicago auditing

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

ACCT 444 – Fall 2013 Register Now acct 444 week 7 quiz Prev 1 2 3 4 5 Next Recent Documents 3 pagesACCT444_Course Project Wk 4_GarciaCrystal.docxACCT444_Course Project Wk 4_GarciaCrystal.docx DeVry University, Chicago

ACCT 444 – Fall 2020 Register Now ACCT444_Course Project Wk 4_GarciaCrystal.docx auditing Tests Questions & Answers Showing 1 to 8 of 25 View all Please see attachments for details 1 2 3 4 5

Does coursehero do powerpoint presentation 1 2 3 4 5 Access AICPA Auditing Standard AU-C 450, Evaluation of Misstatements Identified During the Audit ( www.aicpa.org ), to answer the following questions:

Describe 1 2 3 4 5 Gale Brewer, CPA, has been the partner in charge of the audit of Merkle Manufacturing Company, a nonpublic company, for 13 years. Merkle has had excellent 1 2 3 4 5

Auditors develop overall audit plans to ensure that they obtain sufficient appropriate audit evidence. The timing and extent of audit procedures auditors use 1 2 3 4 5 The following are three situations, all involving nonpublic companies, in which the auditor is required to develop an audit strategy: The client has inventory 1 2 3 4 5

ACCT 444 ACCT444 ACCT/444 Week 6 Homework

The following are independent internal controls commonly found in the acquisition and payment cycle. Each control is to be considered independently. Before a 1 2 3 4 5 10-35(Objectives10-2,10-3,10-4) Kent, CPA, is the engagement partner on the financial statement audit of Super Computer Services Co. (SCS) for the year ended 1 2 3 4 5

Back to Department Related Courses ACCT 212 – FINANCIAL ACCOUNTING (1094 Documents)ACCT 301 – ESSENTIALS IN ACCOUNTING (506 Documents)ACCT 346 – Accounting (500 Documents)ACCT 451 – ACCOUNTING INFO SYSTEMS (306 Documents)

ACCT 504 – Acct (289 Documents)ACCT 312 – intermediate acct III (241 Documents)ACCT 434 – Management (232 Documents)ACCT 505 – ACCT 505 (209 Documents)ACCT 540 – professional reasearch for accountantspro (187 Documents)ACCT 304 – INTERMEDIATE ACCOUNTING II (181 Documents)