3-27 ( Objectives 3-1 , 3-2 , 3-4 , 3-6 , 3-7 ) Patel , CPA , has completed the audit of the financial statements of Bellamy Corporation as of and for the year ended December 31 , 2011 . Patel also audited and reported on the Bellamy financial statements for the prior year . Patel drafted the following report for 2011 .
3-32 ( Objectives 3-1 , 3-2 , 3-4 ) The following tentative auditor ’ s report was drafted by a staff accountant and submitted to a partner in the accounting firm of Better & Best , CPAs :
24-26 ( Objective 24-1 , 24-2 ) Elizabeth Johnson , CPA , has completed the audit of notes payable and other liabilities for Valley River Electrical Services and now plans to audit contingent liabilities and commitments .
24-28 ( Objective 24-3 ) In analyzing legal expense for the Boastman Bottle Company , Mary Little , CPA , observes that the company has paid legal fees to three different law firms during the current year . In accordance with her CPA firm ’ s normal operating practice , Little requests standard attorney letters as of the balance sheet date from each of the three law firms .
25-22 ( Objective 25-1 ) You are doing a review services and related tax work engagement for Murphy Construction Company . You have made extensive inquiries of management about their financial statements and have concluded that management has an excellent understanding of its business and is honest , but lacking in knowledge of technical accounting issues . In doing the review you determine the following :
ACCT 444 Week 7 Homework
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ACCT 444 Week 7 Homework