The management representation letter should be dated

Which of the following is not a major control risk in the payroll cycle?

Purchase cutoff procedures should be designed to produce evidence of whether merchandise is included in the inventory of the client company if the company

The use of a “blind” purchase order (one that doesn’t include the quantities) is designed to prevent errors by the:

Which letters do not match with parts of the female or male reproductive parts in angiosperms? Courtesy of proprofs.com

15. The internal control in small businesses is highly dependent on the

You have been assigned to work on the audit of accounts payable and are performing a search for unrecorded liabilities. The client has provided you with a check register showing all checks written subsequent to year end through the date of fieldwork.   In conducting the audit procedures for the search for unrecorded liabilities, the materiality/scope for this area was assessed by the auditors at $6,000. Adjustments are only recorded for items that are individually equal to, or exceeding materiality. The last day of fieldwork is estimated to be February 1, 2022.  The client’s year end is December 31, 2021. For the items reflected in the following check register, none of which are recorded in the accounts payable subsidiary ledger at December 31, 2021, determine if each potential liability should be recorded as of December 31, 2021 and also determine the amount that should be journalized, if any. If no action is required, you must enter $0. For each of the check numbers in the table below indicate if an adjustment is needed, the amount and an explanation.  Check Register Vendor Check # Check date Amount Nature of the expenses Daniel Breen, Esquire 1334 1/6/2022 $6,000 Corporate legal services for December, 2021 Payroll processing—Paychecks 1336 1/10/2022 $25,500 Biweekly payroll (12/25/2021–1/7/2022) Petty cash 1338 1/17/2022 $2,002 Replenish petty cash box for expenses from 1/12/22 Smith’s Forklift Repairs 1339 1/22/2022 $11,000 Received new forklift on 12/29/2021, ordered on 12/18/2021 Payroll processing—Paychecks 1341 1/24/2022 $25,500 Biweekly payroll (1/8/2022–1/15/2022)   Check # Adjustment Needed? (Yes/No) Amount Explanation/Calculation 1334       1336       1338       1339       1341                

Confirmation of accounts receivable best addresses which of the following assertions?

If financial statements contain a material but not pervasive departure from generally accepted auditing principles, the auditors should render a(n)

Which of the following could be used to develop an expectation of an account balance?