Scribd Logo
Upload

Welcome to Scribd!

  • 10 views

    Module 02 Chapter 6 Self Study QUESTIONS ACCT 742

    Uploaded by

    Nonietandel
    This document contains self-study questions for an accounting module. It includes questions about audit issues that affect risk, assertions for accounts receivable, assessing conclusions of an audit risk model, and assessing audit issues at a catering company. Students are prompted to identify audit risks, their implications, important assertions, and evaluate different public accountants' conclusions. The questions provide space for students to list and explain their answers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Module 02 Chapter 6 Self Study QUESTIONS ACCT 742

    Uploaded by

    Nonietandel
    10 views5 pages
    This document contains self-study questions for an accounting module. It includes questions about audit issues that affect risk, assertions for accounts receivable, assessing conclusions of an audit risk model, and assessing audit issues at a catering company. Students are prompted to identify audit risks, their implications, important assertions, and evaluate different public accountants' conclusions. The questions provide space for students to list and explain their answers.

    Original Description:

    Accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains self-study questions for an accounting module. It includes questions about audit issues that affect risk, assertions for accounts receivable, assessing conclusions of an audit risk model, and assessing audit issues at a catering company. Students are prompted to identify audit risks, their implications, important assertions, and evaluate different public accountants' conclusions. The questions provide space for students to list and explain their answers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views5 pages

    Module 02 Chapter 6 Self Study QUESTIONS ACCT 742

    Uploaded by

    Nonietandel
    This document contains self-study questions for an accounting module. It includes questions about audit issues that affect risk, assertions for accounts receivable, assessing conclusions of an audit risk model, and assessing audit issues at a catering company. Students are prompted to identify audit risks, their implications, important assertions, and evaluate different public accountants' conclusions. The questions provide space for students to list and explain their answers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 5

    ACCT 742: SELF STUDY QUESTIONS (“SSQ”)

    Module 02, Chapter 6


    References to “EP” and “DC” are the “Exercises & Problems” and “Discussion Cases” from the Textbook

    The question asks for four issues; however, there are five significant audit issues. Space
    below is provided for all five.

    # Audit issues that affect audit risk and risk of material misstatement
    Audit Issue Explanation
    1

    Page 1
    ACCT 742: SELF STUDY QUESTIONS (“SSQ”)
    Module 02, Chapter 6
    References to “EP” and “DC” are the “Exercises & Problems” and “Discussion Cases” from the Textbook

    # Assertions and Importance for the Accounts Receivable balance for an audit
    Assertion Importance
    1

    Page 2
    ACCT 742: SELF STUDY QUESTIONS (“SSQ”)
    Module 02, Chapter 6
    References to “EP” and “DC” are the “Exercises & Problems” and “Discussion Cases” from the Textbook

    # Assessing the conclusions of the Audit Risk Model


    Public Is the conclusion of the Public Accountant (“PA”) appropriate
    Accountant

    a Ohlsen

    b Jones

    c Fields

    d Shad

    Page 3
    ACCT 742: SELF STUDY QUESTIONS (“SSQ”)
    Module 02, Chapter 6
    References to “EP” and “DC” are the “Exercises & Problems” and “Discussion Cases” from the Textbook

    Page 4
    ACCT 742: SELF STUDY QUESTIONS (“SSQ”)
    Module 02, Chapter 6
    References to “EP” and “DC” are the “Exercises & Problems” and “Discussion Cases” from the Textbook

    DC 6-6 continued
    Use the following table, with the 3 principal identified audit issues, to draft a response

    # Assessing audit issues at Brenda Catering Inc. (“BCI”)


    Issue Implication
    1 Stock up
    your freezer
    promotion

    2 Revenue
    Recognition
    – Weddings

    3 Contingency
    – Organic
    Lunch Box

    *** End of SELF STUDY QUESTIONS for this Module ***

    Page 5

    You might also like