Question
In: Accounting
2. In addition to the analytical procedures already listed in the memo, analyze an additional four...
2. In addition to the analytical procedures already listed in the memo, analyze an additional four that are useful in the planning process for the EarthWear audit. Discuss the meaning of the analytical procedures included and how they may affect your audit plan/procedures. Work Paper 3-6 and the Common Size Balance Sheet and Income Statement for EarthWear have been provided to assist you.
Analyze 2 additional analytical procedures that were completed in the planning process.
EarthWear's Quick Ratio is 0.73 and the industry average is 0.80
Discuss the meaning of the analytical procedure and how it may affect risks relating to the EarthWear audit or your planned audit procedures.
EarthWear's Inventory Turnover is 3.88 and the industry average is 6.20
Discuss the meaning of the analytical procedure and how it may affect risks relating to the EarthWear audit or your planned audit procedures.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
2. In addition to the analytical procedures already listed in the memo, analyze an additional four...
2. In addition to the analytical procedures
already listed in the memo, analyze an additional four that are
useful in the planning process for the EarthWear audit. Discuss the
meaning of the analytical procedures included and how they may
affect your audit plan/procedures. Work Paper 3-6 and the Common
Size Balance Sheet and Income Statement for EarthWear have been
provided to assist you.
Analyze 4 additional analytical procedures that were
completed in the planning process.
1 - EarthWear's Quick Ratio...
2. In addition to the analytical procedures already listed in the memo, analyze an additional four...
2. In addition to the analytical procedures
already listed in the memo, analyze an additional four that are
useful in the planning process for the EarthWear audit. Discuss the
meaning of the analytical procedures included and how they may
affect your audit plan/procedures. Work Paper 3-6 and the Common
Size Balance Sheet and Income Statement for EarthWear have been
provided to assist you.
Analyze 2 additional analytical procedures that were
completed in the planning process.
EarthWear's Gross Profit Percentage is...
2. In addition to the analytical procedures already listed in the memo, analyze an additional four...
2. In addition to the analytical procedures
already listed in the memo, analyze an additional four that are
useful in the planning process for the EarthWear audit. Discuss the
meaning of the analytical procedures included and how they may
affect your audit plan/procedures. Work Paper 3-6 and the Common
Size Balance Sheet and Income Statement for EarthWear have been
provided to assist you.
Analyze 4 additional analytical procedures that were
completed in the planning process.
EarthWear's Quick Ratio is 0.73...
What are the experimental procedures for conducting a standard addition method in analytical chemistry. Why such...
What are the experimental procedures for conducting a standard
addition method in analytical chemistry. Why such a method is so
popular in complex sample analysis? Use equations and plots and
figures to explain hoy the unknown concentration is obtained from
the measured data.
Audit Analytical Procedures 1. Explain what is meant by Analytical Procedure as used in audit 2....
Audit Analytical Procedures
1. Explain what is meant by Analytical Procedure as used in
audit
2. Outline the 3 main types of Analytical Procedures
3. Identify and explain the 3 main uses of Analytical Procedures
during the audit
4. Develop audit procedures for the use of analytical procedures
as a substantive procedure in the testing of the reasonableness of
monthly payroll costs for the year
AP11.2 (LO 2) Analytical procedures The following data was taken from the production and accounting records for...
AP11.2 (LO 2) Analytical procedures
The following data was taken from the production and accounting
records for Casuccio Manufacturing, Inc.
Unaudited
2023
Audited
2022
Audited
2021
Operating Data
Capacity in units
450,000
450,000
450,000
Production in units
450,000
400,000
300,000
Inventory in units
32,000
28,000
21,000
Financial Data ($000)
Total revenues
$35,200
$27,500
$21,200
Total assets
$23,000
$19,500
$15,700
Accounts receivable, net
$5,900
$4,300
$3,900
Bad debt expense
$175
$135
$105
Accounts receivable written off
$165
$125
$100
Required
Calculate the...
2. What do we mean by the term substantive analytical procedures? Give an example of how...
2. What do we mean by the term substantive analytical
procedures? Give an example of how an auditor would perform an
analytical procedure for acquisitions? 3. What substantive
analytical procedures might an auditor use to perform an analytical
procedure for accounts payable?
AP12.2 (LO 2) Analytical procedures The following information was taken from the accounting records for Aurora Manufacturing,...
AP12.2 (LO 2) Analytical procedures The following
information was taken from the accounting records for Aurora
Manufacturing, Inc.:
Year 5
Unaudited
Year 4
Audited
Year 3
Audited
Year 2
Audited
Year 1
Audited
Inventory
$ 525,000
$ 460,000
$ 390,000
$ 310,000
$ 225,000
Current assets
1,350,000
1,175,000
950,000
750,000
600,000
Accounts payable
115,000
113,000
97,500
85,000
70,000
Current liabilities
545,000
535,000
440,000
380,000
320,000
Sales
2,700,000
2,050,000
1,750,000
1,400,000
1,200,000
Cost of goods sold
1,650,000
1,225,000
1,025,000
850,000
725,000
Industry...
2. Answer these short questions below. a. How might the auditor effectively use preliminary analytical procedures...
2. Answer these short questions below.
a. How might the auditor effectively use preliminary analytical
procedures in the audit of various expense accounts, such as
miscellaneous expenses? Give an example of how analytical
procedures used in the audit of such accounts.
b. Explain why examining a sample of cash disbursements made
after the end of the year is useful in determining the completeness
of accounts payable.
c. The auditor often examines some expense accounts, such as
legal expenses, in detail...
two procedures: 1. a microscale cis-trans isomerization of an alkene 2. a miscroscale addition of bromine...
two procedures:
1. a microscale cis-trans isomerization of an alkene
2. a miscroscale addition of bromine to fumaric acid
For each procedure:
a. predict which alkene will predominate at equilibrium (please
explain)
b. predict the stereochemistry of the products formed if the
addition of bromine to fumaric acid occurs via: syn addition, anti
addition, and stereorandom addition
Thank You
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Respond to the following in a minimum of 175 words: The flow of a program is...
- Write a version of the binary search algorithm that can be used to search a string...
- Using the following reduction potentials: I2(s) + 2e- <---> 2I-(aq) E0 = 0.535 V I2 (aq)...
- Why are learnability and critical thinking crucial skills for the 21stcentury? And, how can you improve...
- Hudson Corporation is considering three options for managing its data warehouse: continuing with its own staff,...
- LUVE produces bracelets. Each band generates $460 in revenue and requires one ounce of gold as...
- (The following data apply to the next three questions.) Assume the following cost and revenue data...
ADVERTISEMENT