Question

In: Accounting

. Your CPA firm has been contracted by the State of Texas to serve as the...

. Your CPA firm has been contracted by the State of Texas to serve as the internal audit function for The State Board for Educator Certification. The certification board is organized into four broad areas: educator preparation, assessment and accountability, certification, and professional discipline, which includes investigations and enforcement.

Please answer the question in a paragraph format, thank you.

Internal auditing: assurance & advisory services 4th edition

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Your CPA firm has been contracted by the State of Texas to serve as the internal...
Your CPA firm has been contracted by the State of Texas to serve as the internal audit function for The State Board for Educator Certification. The certification board is organized into four broad areas: educator preparation, assessment and accountability, certification, and professional discipline, which includes investigations and enforcement. Educator preparation. In the area of educator preparation, the certification board works primarily with entities preparing educators for state certification. The work includes guidance in program development, approval, and implementation. The board...
Your CPA firm has been contracted by the state to serve as the internal audit function...
Your CPA firm has been contracted by the state to serve as the internal audit function for The Commission on Workforce Development. The Commission was established several years ago by the state legislature to “increase the job skills of individuals receiving public assistance and help them to obtain employment to be able to support themselves and their dependents.” To accomplish this objective, the Commission enters into contracts with private sector contractors to train individuals in computer data entry, local area...
John Anders, CPA, has worked three years for a regional CPA firm. His responsibilities have been...
John Anders, CPA, has worked three years for a regional CPA firm. His responsibilities have been limited primarily to working on retail store audits and their related tax problems. Due to the resignation of several staff members during the year and the addition of several new clients, the firm is badly understaffed. John’s firm is asked on December 10 to do the audit of a construction company for the year ending December 31. The president of the construction company, who...
The BakFirn Corporation, a publicly traded firm, has contracted with YOUCPA, your public accounting firm, for...
The BakFirn Corporation, a publicly traded firm, has contracted with YOUCPA, your public accounting firm, for an audit. The BakFirn Corporation manufactures specialty construction tools. The tools are used in the unique construction of homes, warehouses, and multiunit dwellings. The prices range from $1,000 to $5,000 per unit. During the audit, the audit team has determined the risk assessment of the client. Consequently, the audit has to respond to the assessed risks of material misstatement at the financial statement and...
The BakFirn Corporation, a publicly traded firm, has contracted with YOUCPA, your public accounting firm, for...
The BakFirn Corporation, a publicly traded firm, has contracted with YOUCPA, your public accounting firm, for an audit. The BakFirn Corporation manufactures specialty construction tools. The tools are used in the unique construction of homes, warehouses, and multiunit dwellings. The prices range from $1,000 to $5,000 per unit. During the audit, the audit team has determined the risk assessment of the client. Consequently, the audit has to respond to the assessed risks of material misstatement at the financial statement and...
James J. Dewars has been the sole owner of a small CPA firm for the past...
James J. Dewars has been the sole owner of a small CPA firm for the past 20 years. Now 52 years old, Dewars is concerned about the continuation of his practice after he retires. He would like to begin taking more time off now although he wants to remain active in the firm for at least another 8 to 10 years. He has worked hard over the decades to build up the practice so that he presently makes a profit...
Bigg LLP, a CPA firm, has been doing financial statement auditing for Legitt Corp. for the...
Bigg LLP, a CPA firm, has been doing financial statement auditing for Legitt Corp. for the last 10 years. While auditing last year's financial statements of Legitt, Bigg finds out that Legit has overstated assets by 12 percent and revenues by 19 percent to make up for the huge losses it incurred. When Bigg informed the management of Legitt about this illegal act, Legitt's management threatened to cancel Bigg's contract with Legitt and demanded back the personal records and working...
Mastery Problem: Inventories Changing Prices You work for a CPA firm that has been hired by...
Mastery Problem: Inventories Changing Prices You work for a CPA firm that has been hired by Widget Tek Inc., a merchandising company that is getting ready to expand. The president of Widget Tek Inc. is concerned with obtaining a loan for the expansion and wants to be sure that all the financial statements accurately reflect the company’s accounting records. As preparation for this assignment, you have been asked to review the effects of changing prices on three inventory costing methods:...
Your role. You are an international development consultant who has been contracted by a country to...
Your role. You are an international development consultant who has been contracted by a country to provide advice on a strategy to increase long-run economic growth. The country’s current economic state. The country is currently in a stable economic situation. It’s income per capita has been growing at an almost constant but low rate for the last 10 years. Growth rate as well as the level of income per capita has been significantly lower than in neighbouring similar countries, which...
Lara is a security analyst with Texas City brokerage firm. Lara has been following one of...
Lara is a security analyst with Texas City brokerage firm. Lara has been following one of the hottest issues on Wall Street, M&I Medical supplies, a company that has turned outstanding performance and showed excellent potential growth. It has 5 million shares outstanding and pays an annual dividend of $0.05 per share. Lara showed her interest in investing in M&I. Assume the company sales for the past five years have been as follows: Year Sales ($ million) 2012 - 10.0...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT