Category Essay

Which of the given atypical antipsychotic medications is FDA approved for the bipolar disorder: a) Clozaril b) Zyprexal c) Haldol d) risperdal e) Prolixin

In May 2013, Olga purchased a playground set at a garage sale for $100. Olga is not in the business of buying and selling anything. Olga researched the playground set online and discovered it was worth $300. In July 2013,…

Regarding the auctioning of new U.S. Treasury bills, how do competitive bids differ from noncompetitive bids?

Explain how the audit of cash and revenues and accounts receivable may be overlapping and how an auditor may approach this area of the audit.

What analytical procedures would be most applicable in an audit of the revenue and collection cycle? Why do you think these analytical procedures are the most applicable?

In the audit of a client’s financial statements, the auditors must be concerned with the possibility that client personnel might be engaged in kiting or lapping. a. Define lapping and describe an audit procedure that might detect lapping. b. Define…

What are audit procedures for duplicate payment of vouchers, proper recording of purchases, determining collectibility of accounts receivable, proper recording of liabilities , testing sales for understatements.

For the year ended December 31, 2010, Friday & Co. CPAs (“Friday”), audited the financial statements of Kim Company and expressed an unqualified opinion of the balance sheet only. Friday did not observe the taking of the physical inventory as…

When audited financial statements are presented in a client’s document containing other information, the auditor should : A. Perform inquiry and analytical procedures to ascertain whether the other information is reasonable. B. Add an explanatory paragraph to the auditor’s report…

An auditor was unable to obtain audited financial statements or other evidence supporting an entity’s investment in a large foreign subsidiary. Between which of the following reports should the auditor choose? A. Adverse and unqualified/unmodified with an explanatory/emphasis-of-matter paragraph added.…