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For more classes visitwww.snaptutorial.comGroup C Course ProjectWeek 7 – 16-35A. Following are the relationships, ratios, and trends that provide useful information about the overall reasonableness of accounts payable:

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Acct 444 course success is a tradition snaptutorial com

ACCT 444 Course Success is a Tradition -snaptutorial.com

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Acct 444 course success is a tradition snaptutorial com1

ACCT 444 Team Assignment Course Project

ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25

  • Group C Course Project

  • Week 7 – 16-35

  •  A. Following are the relationships, ratios, and trends that provide useful information about the overall reasonableness of accounts payable:

ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25

ACCT 444 Course Success is a Tradition -snaptutorial.com


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ACCT 444 Week 1 Quiz

ACCT 444 Week 2 Homework Problems

  • 1. (TCO 3) The organization that is responsible for providing oversight for auditors of public companies is called the _____

  •  2. (TCO 1) Which one of the following is not a field work standard?

  •  3. (TCO 1) Which of the following is not an example of the application of professional skepticism?

  •  4. (TCO 1) An operational audit has as one of its objectives to

Chapter5 5-23, Chapter5 5-24, Chapter 6 6-23, Chapter 6 6-27,Chapter 11 11-30,

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ACCT 444 Week 2 Quiz

ACCT 444 Week 3 Course Project

  • . (TCO 4) In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if

  • 2. (TCO 4) "Absence of reasonable care that can be expected of a person is a set of circumstances" defines

  • 3. (TCO 4) While performing services for their clients, professionals have a duty to provide a level of care that is

ACCT 444 Week 3 Course Project

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ACCT 444 Week 3 Homework

ACCT 444 Week 3 Homework Problems

  • ACCT 444 Week 3 Homework

  • 7-27 (Objective 7-4) The following are examples of documentation typically obtained by auditors:

  • 7-30 (Objective 7-4) Eight different types of evidence were discussed. The following questions concern the reliability of that evidence:

  • 7-31 (Objective 7-4) As auditor of the Star Manufacturing Company, you have obtained

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ACCT 444 Week 3 Quiz

ACCT 444 Week 4 Course Project

  • 4. (TCO 6) Three common types of confirmations used by auditors are (1) negative confirmations where only a response is requested if the debtor disagrees with the amount, (2) positive confirmations with a request for information where the debtor is requested to respond and to include their believed balance, and (3) positive

ACCT 444 ACCT/444 ACCT 444 Week 4 Course Project

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ACCT 444 Week 4 Homework Problems

ACCT 444 Week 4 Quiz

  • ACCT 444 Week 4 Homework Problems

  • 1. (TCO 5) Which of the following parties provides an assessment of the effectiveness of internal control over financial reporting for public companies?

  •  2. (TCO 5) Internal control reports issued by public companies must identify the framework used to evaluate the effectiveness of internal control. Which of the following is the most common framework in the U.S.?

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ACCT 444 Week 5 Course Project

ACCT 444 Week 5 Homework Problems

  • ACCT 444 Week 5 Course Project

  • 13-26 (Objectives 13-1, 13-2, 13-3, 13-6)The following are audit procedures from different transaction cycles:

  • 1. Use audit software to foot and cross-foot the cash disbursements journal and trace the balance to the general ledger.

  • 2. Select a sample of entries in the acquisitions journal and trace each one to a related vendor’s invoice to determine whether one exists.

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ACCT 444 Week 5 Quiz

ACCT 444 Week 5 Team Memorandum

  • 1. (TCO 6) For efficiency, tests of controls are frequently done at the same time as

  •  2. (TCO 6) Which of the following is not a direct result of performing analytical procedures?

  •  3. (TCO 6) Which of the following audit tests is usually the most costly to perform?

  •  4. (TCO 6) Which of the following represents an incorrect pairing of a type of audit test and evidence?

ACCT 444 Week 5 Team Memorandum

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ACCT 444 Week 6 Homework Problems

ACCT 444 Week 6 Quiz

  • Homework

  • Chapter 14, pages 468–469: Problems 14-21, 14-22, 14-23, and 14-24

  • Chapter 15, pages 509–511: Problems 15-22, 15-24 and 15-25

  • Chapter 16, pages 543–545: Problems 16-20, 16-21, 16-22, and 16-24

  • Chapter 17, page 594: Problem 17-28

  • . (TCO 9) If the auditor decides to assess control risk at the maximum level in a private company audit, tests of controls are

  •  2. (TCO 9) When auditors wish to evaluate a sample statistically, the only acceptable selection method is

  •  3. (TCO 9) One of the ways to eliminate nonsampling risk is through

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ACCT 444 Week 7 Course Project

ACCT 444 Week 7 Homework

  • Assume that your understanding of internal controls over acquisitions and cash disbursements and the related tests of controls and substantive tests of transactions support an assessment of a low control risk. The listing of the 519 accounts making up the accounts payable balance of $12,969,686 at December 31, 2011 is included under the Pinnacle link on the textbook Web site.

ACCT 444 Week 7 Homework

ACCT 444 Course Success is a Tradition -snaptutorial.com


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ACCT 444 Week 7 Homework Problems

ACCT 444 Week 7 Quiz

  • 3-27 (Objectives 3-1, 3-2, 3-4, 3-6, 3-7)Patel, CPA, has completed the audit of the financial statements of Bellamy Corporation as of and for the year ended December 31, 2011. Patel also audited and reported on the Bellamy financial statements for the prior year. Patel drafted the following report for 2011.

  • 3-32 (Objectives 3-1, 3-2, 3-4) The following tentative auditor’s report was drafted by a staff accountant

  • 2. (TCO 2) When a client has not applied GAAP consistently from the prior year to the current year, the auditor does not concur with the appropriateness of the change, and the change in GAAP has a material effect on the financial statements, the auditor should issue a(n)

  •  3. (TCO 2) The only unqualified opinion which contains modified wording (excluding an explanatory paragraph) relates to

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ACCT 444 Week 7 Quiz Set 2

  • . (TCO 2) If a misstatement is immaterial to the financial statements of the entity for the current period, but is expected to have a material effect in future periods, it is appropriate to issue a(n)

  • 2. (TCO 2) When the auditor believes a company's financial statements are misleading because they were not prepared in conformity with GAAP, the auditor must issue a(n)

ACCT 444 Course Success is a Tradition -snaptutorial.com


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