Shopping Cart
0 items
 
CHARITY AND SPONSOR ADS

Auditing and Assurance Services (16-35 Integrated Case Application - Pinnacle Manufacturing - Part VI)-ANSWER KEY (INSTANT DOWNLOAD)

Auditing and Assurance Services (16-35 Integrated Case Application - Pinnacle Manufacturing - Part VI)-ANSWER KEY (INSTANT DOWNLOAD)
Click to enlarge
Price: $19.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

INSTANT DOWNLOAD

Solution Guide / Answer Key:

 

Auditing and Assurance Services: An Integrated Approach, 13ed

By Alvin A. Arens, Randal J. Elder, Mark Beasley

Chapter 16 Completing the Tests on the Sales and Collection Cycle: Accounts Receivable

16-35 Integrated Case Application: PINNACLE MANUFACTURING - PART VI

Required:

a. List those relationships, ratios, and trends that you believe will provide useful information aobut the overall reasonableness of accounts payable...

b. Study Table 19.5 (p.647) containing balance-related audit objectives and tests of details of balances for accounts payable to be sure you understand each procedure and its purpose.

c. Assume for requirement b that (1) assessed control risk has been higher rather than low for each trsanction related audit objectives. (2) inherent risk was high for each balance-related audit objective and (3) analytical procedures indicated a high potential...

d. Confirmation requests were sent to a stratified sample of 51 vendors listed in Figure 16-8 (p. 552)...

e. Estimate the total misstatement in the income statement, not just the misstatements in the sample based on the income statement misstatements you identified in requirement d.

f. Estimate the total misstatement on accounts payable in the same way you did for the income statement in requirement e...

g. What is your conclusion about the fairness of the recorded balances in accounts payable for Pinnacle Manufacturing as it affects the income statement and balance sheet?...

 

FILE: MS WORD

Write Review
Your Name:


Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.