ACCT 555 help A Guide to career/Snaptutorial ACCT 555 help A Guide to career/Snaptutorial | Page 17

Q6: What are the major factors affecting sample size for confirming
accounts receivable?
Q7: A major issue in verifying the ending balance in property, plant
and equipment is the possibility of legal encumbrances. Discuss what
specific concern do you have. Describe the procedures your firm will
perform to obtain evidence about existing legal encumbrances.
Q8: The client wants to know if you will be present at the year-end
inventory. What is your decision and why? What role or actions will
you take at the inventory if you decide to attend the inventory. Why?
Q9: Considering the general six functions that make up the inventory
and warehousing cycle for Smackey Dog Foods, Inc., identify the
related documents and/or records that would be used. From your
analysis of the internal controls related to the inventory and
warehousing cycle of Smackey Dog Foods, Inc., what internal control
weaknesses exist?
Q10: Discuss if Keller CPAs or its auditors are breaching any
Professional Rules of Conduct and why or why not?
Q11: Discuss the CPA firm’s legal liability concerns for this audit if
they make a material unintentional or intentional mistake. Include any
other legal liability concerns regarding possible Professional Rule
violations
===================================== =============
ACCT 555 Worksheet for You Decide Course
Project
For more classes visit
www.snaptutorial.com