The form confirms the followings. account number/description, balance, due date, interest rate, date through which interest is paid, and a description of collateral. The principal amount paid on a direct liability is not listed on the Standard Form to Confirm Account Balance Information with Financial Institutions.
What an auditor has to do? ■For Unsupported entries in the ledger, ○Tracking Directions: A sample of entries in the ledger → Source Document ■For Unrecorded entries in the ledger, Select and trace Original source documents.
After excluding those not considered actibely in the potential labor forc. 자발적으로 취준생인 사람은 제외하고 실업률을 측정한다.
■ Audit Committee is directly responsible for the followings. ○ Selecting and Compensating independent auditor. -The board approval is not required. ○ Overseeing the work of the independent auditor. - Therefore cannot delegate that responsibility to management. ○ Treatment of complaints received by the issuer regrding accounting, internal controls and auditing matters. ■ Independent Auditor must..
The components, principles and controls that are ■ "Present": exists in ■ "Functioning": continue to operate
[Macroeconomics] GDP, NDP, NI, PI, DI의 관계 거시경제 핵심 공식 Gross domestic product(GDP) △Depreciation of Capital = Net domestic product(NDP) △Indiect business taxes(Sales taxes, Excise taxes, ...) △Income generated in the U.S. from foreign-owned resoures + income generated in other countries from U.S.-owned resources = National income(NI) + transfer payments △ social security contributions △ corporate ..
I majored Accounting and Taxatioin at College, and I'm using Gleim Cpa Review Program. The exam date is on April 20(Far), 21(BEC), 22(AUD), 23(REG) at the year of 2020. Anyway, I have recently found the usage of Gliem MCQs Study Session Program!! Think it's Great! By far, I've done three study sessions on FAR and AUD. I did two study sessions on FAR(Study Unit 1 to Study Unit 5). Got result of 4..
When Group Auditor do A reference to a componant auditor. The reference is not a qualification of the opinion and does not require an additional paragraph. A reference to a component auditor indicates that the group auditor does not assume responsibility for the audit of the component auditor. It also indicates the source of the audit evidence with respect to the component.
Which would Yield Highest level of evidence = Susceptible to Prediction by the auditor The relationships of payroll expense transactions tend to be more predictable than those for such balance sheet accounts as accounts payable and accounts receivable. Relationships involving income statement accounts tend to be more predictable than relationships involving only balance sheet accounts because in..
예시 The vouchers have a recorded amount of $300,000, and 1,000 items are to be sampled, so every 300th dollar will be chosen. Given a random start of $50, the vouchers containing the 50th, 350th, 650th, and 950th dollars will be selected. The cumulative amount of the first eight vouchers is $1,030. Accordingly, voucher 8 should be the fourth voucher audited because it contains the 950th dollar.
Misappropriation of assets의 위험이 있는 경우 Rapid growth or probability. High degree of liquidity: easily convertible into cash. Fraudulent financial reporting의 위험이 있는 경우
언제 수행해? Substantive Test만으로는 불충분할때 수행한다. - When it's not possible to obtain sufficient appropriate audit evidence. 어울리는 Sampling? Attribute Sampling 오류 in aspect of sampling risk of Test of Control Underreliance Overreliance