Discovered from improper accounting procedures raised to $9 billion causing worldcom to file bankruptcy in july several top management personnel were held responsibilities for the fraud the executives were also surrounded by their self-interest worldcom was having revenue what are the pressures. Case study “audit of apollo shoes, inc tags: case study audit planning the engagement to drafting the final report completed work studypool has helped 1,244,100 students flag report dmca similar questions rusty’s emporium, case study help. 1 jacksonville jaguars evaluating it benefits and risks and identifying assurance services opportunities 2 your1040com evaluating ebusiness revenue recognition, information privacy, and electronic evidence issues.
Audit assignment case solution after applying analytical procedures over the balance sheet of waren sports supply, we conclude that the cash, accounts receivable, inventory, federal income tax payable, notes payable and retained earnings of the company increased by 12%, 6%, 4%, 2%, 8% and 13%respectively in 2017 however fixed assets, accounts payable and common stock of the company decreased. Audit case study and solutions accounting, audit and fraud case study solutions, audit case study solutions burlington bees using analytical procedures as substantive tests enron corporation and andersen, llp analyzing the fall of two giants business school case study. Case study questions work through these questions on your own, using the text and exhibits in the preceding slides an answer key is provided in the slides that follow.
The aim of the case study question is to place the candidate in a real-world situation, facing the real-world requirements that an audit or assurance provider would have to deal with the questions will therefore be practical in nature. Questions and sample case studies to assist members in understanding the “network and network firms” interpretation (aicpa, professional standards, et 1220010) under the “independence rule” (aicpa, professional standards , et 1200001) , and related definitions. Each audit team will perform the following task (not all inclusive) of planning internal control evaluation substantive testing of cash, accounts receivable, inventory, prepaids, fixed assets, liabilities and payroll as well as render an audit opinion thereon in completing the audit of apollo shoes, inc.
Case studies of fraud in the hospitality industry anna mcfarland , cfe, chae, chtp, cpa ([email protected] ) is a global hospitality consultant based in kaufman, texas. Audit and assurance case study questions the first article in this series of two on paper p7 case study questions discussed question style, what to look for in the requirements, how higher-level skills are tested, and the meaning of professional marks within a question requirement. Academiaedu is a platform for academics to share research papers.
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