不知道哪位同学有把那些内容抄下来么？可能的话可不可以发上来？先谢谢了！作者: .Anndy 时间: 2009-10-7 22:28
Online assignment
1, answer each part separately
2. use ASAs for defination and
3. to express your option
4. no word limits, no referening required.
Part A: define audit planning, See ASA300
- why is audit planning important?
- If audit is not planned – potential problem?
a. work to be completed on time?
b. proper assignment of work to assistants
c. coordination of work
* knowledge of clinet business – able to identify a/c bal. / tran.
* understand client’s internal control system (IC)
* discuess with mgt.
* timing of physical stock taking
*determine level of materiality
*staff budget & resource allocation
Part B: 1) sale revenue ↑sale, ↓profiit, why?
↓SP? favourable credit terms?
Economic factor eg. Recrssion?
↑ O/H?
2）no physical stock taking. Any alternative
Audit procedure? Mgt. Letter of rep=?
Or CR↑-- more testing -- ↑cost
Or qualified audit due to scope (limitation)
3) legal claims by customers
- get more evidence
- how? Write to client’s lawyer
* obtain their opinion outcome
* need to disclose contingent liability
- reliability of product – implication
* unsaleable? – inventory valuation
-- provide more allowance for DD.?
4) credit policy of marketing
Favourable credit policy -- ↑bad debt
↑collection of AR
-- attention warranted?
5) reason for dismissal? (explain why?)
- misconduct, frauds
- determine effect on financial statement
Inexpenence CFO?