Single Audit

Accounting Student’s Name Institutional Affiliation  Accounting To: Apple 2016 Audit Work Papers From: Date: 14th October 2016 Subject: SSA Risk Analysis of Apple Inc. Apple Inc. is one of the renowned technology companies that designs, manufactures, and sells its mobile technology devices. Since it is a multinational firm, the company experiences massive cash flow that requires a keen management and bookkeeping ensuring that no misstatements are one in any of its financial statement accounts…

system of Petrobras which was the only service provider in pre-Salt, as creator of local policy and of public purchases to enable investments in the industrial chain of gas and oil to stimulate the Brazilian industrialization. As a MCTI Justice, my single question concerning Petrobras was the construction of an oceanographic research vessel, which was a partnership between MCTI, Marinha do Brasil, Petrobras, Vale do Rio Doce, ANP and oceanographic schools. This vessel was acquired by Marinha…

An accountant plays an increasingly important role when it audits and reports different financial aspects about a company, which includes but not limits to a company’s balance sheet, cash flows, and incomes. The final accounting statements, which will be sent to the clients and sometimes to other stakeholders, will give not only clients but also outsiders a general overview of a company’s financial situation. Investors and cooperators who observe a company merely through its financial reports…

Conducting an internal EH&S audit is an extensive exercise requiring meticulous preparation and constant monitoring to ensure its success. A number of process elements have been identified as possible failures and must therefore being looked at very closely to ensure that this risk is kept to a minimum. Among those, the preparation and planning, distractions, day to day communications are considered essential elements to a successful audit Preparation and planning: Having a proper plan of…

Martinez Fraud Auditing May 1, 2016 Fraud Audit Program: Hollate Assess: Fraud: Type/Scheme Control Opportunity Occurs/Fraud Scenario Concealment Red Flags Conversion Journal Entry Scheme The scheme likely occurred due to management override of controls. Strengthen controls to discourage management override may prevent this from happening again. CFO is creating journal entries to increase company inventories and decrease costs of goods sold. Internal audit team was required to meet…

As any other career path one is always faced with decisions, pressure, and stress. However, it’s how one manage these challenges that makes us who we are and defines our identity that one builds for themselves. As an audit one encounters these at every second of their live. An audit is seen as the problem fixer in any corporation or firm, but the steps that they take to fix the problem is the assets that sets them apart from others in their work environment. To learn more about how this asset…

Audit Group Case 4, Billy’s Beats Billy’s Beats Inc. Completing the Audit Due Date: December 10 by 8PM Please read the instructions below carefully. Failure to follow these instructions may adversely affect your grade for this assignment. As outlined in the syllabus, the penalty for unexcused late assignments is 10% of the maximum points for each day that the assignment is late, and no assignment will be accepted after three days from its due date. • Read the case and the “Required” section…

This project goal is to make the standards very similar and comparable for public, non-public and international auditors. Yet, there are some differences that still exist related to some audit requirements and language variation . One of these standards is that is considered part of the risk assessment process is “Audit Planning Standard”. The risk assessment and responses to assessed risks is one of the sections GAAP and ISAs differ on . The standard includes an introduction, objectives,…

it is important for the company to increase internal control on accounting estimate and fair value measurement. Based on the audit risk model, the planned detection risk will be low-level (Arens et al. 2013, p.234). Because the higher inherent risk related to the lower planned detection risk (Arens et al. 2013, p.234). Thus, this will impact on the evidence mix for the audit planning.…

Audit risk evaluation and planning materiality for the audit of “2016 Annual Report” Toshiba Corporation A. Introduction The auditor must assess client risk and perform audit planning after accepting client engagement. The assessment includes understanding the client, identifying factors impact the risk of a material misstatement, performing a risk and materiality assessment and developing an audit strategy (Moroney, Campbell, & Hamilton, 2014). This essay will discuss what the inherent risk…