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List four categories of intangible assets and four types of property, plant, and equipment transactions.
Identify three substantive analytical procedures that can be used to audit property, plant, and equipment.
Identify two substantive analytical procedures that Natherson could use to verify prepaid insurance.
If Taylor engages a valuation specialist, describe what the auditor's responsibility is if the work of the specialist will be used as audit evidence.
Nakamura, CPA, has accepted an engagement to audit the financial statements of Grant Manufacturing Company, a new client.
Identify the substantive audit procedures Pierce should utilize in examining mobile construction equipment and related depreciation.
What additional types of evidence should the auditor examine prior to recognizing any gain on the transaction?
What are the most important assertions for long-term debt? What documents would normally contain the authorization to issue long-term debt?
What are the functions of the registrar, the transfer agent, and the dividend-disbursing agent?
Describe common audit procedures to audit dividends and retained earnings.
List three substantive analytical procedures that the auditor might use in auditing the income statement.
For purposes of the audit of the financial statements of Broadwall Corporation, what procedures should Maslovskaya employ in examining the described loans?
What substantive audit procedures should Lee apply in examining the common stock and treasury stock accounts?
Discuss the audit procedures that Johnson would conduct to determine if Mother Earth violated the debt covenants.
What the auditors could have done differently to identify the misstatements in the earlier years of the fraud.
Briefly describe each type of bank account. How does an imprest account help to improve control over cash?
Explain why the standard bank confirmation form does not identify all information about an entity's bank accounts or loans.
What are the main transaction-related assertions for investments? Identify the key segregation of investment-related duties and possible errors or fraud .
What two presentation classification issues are important for the audit of investments?
Compare purchase returns and allowances as a percentage of revenue or cost of sales to industry data.
Describe the substantive audit procedures Coltrane should apply to Jang's trade accounts payable balances.
What are the two major types of transactions that occur in the payroll system?
What duties are performed within the human resource, timekeeping, and payroll processing functions?
Discuss two control environment factors that have a pervasive effect on the human resource management process that an auditor should consider.
Why is it important for the entity to establish control activities over the classification of payroll transactions?