Which of the following statements is TRUE:

Which of the following statements about Grave’s Disease is FALSE:

Please clearly label your answers to parts A, B, and C A) Describe the difference between a negative and positive confirmations and under what circumstances it would be appropriate to utilize each one to provide evidence about existence and/or accuracy/valuation for accounts receivable. B) Assume you utilized positive confirmations, but they are not received back from the customers, describe what alternate procedures the auditor should perform in order to obtain assurance about the existence and accuracy/valuation of those accounts receivable? C) Describe the control testing procedures you would use to test the operating effectiveness of internal controls that ensure “Goods shipped to customers are properly billed to the customer.” Describe what kind of sampling you would use and be specific on your sample population and what procedures you would perform.

A CPA who is not independent and is associated with financial statements should disclaim an opinion with respect to those financial statements. The disclaimer should:

Cravens was asked to perform the first audit of a wholesale business that does not maintain perpetual inventory records. Cravens has observed the current inventory but has not observed the physical inventory at the previous year-end date and concludes that the opening inventory balance, which is not auditable, is a material factor in the determination of cost of goods sold for the current year. Cravens will probably:

Please feel free to use this area as scratch paper. Nothing you include here will be graded! If you would like it to be graded it must be entered into the related question. Do NOT refer to work you did here. I will NOT grade any information in this question. 

When are an auditor’s reporting responsibilities not met by attaching an explanation of the circumstances and a disclaimer of opinion to the entity’s financial statement?

Which of the following procedures would an auditor ordinarily perform during the review of subsequent events?

An auditor concludes that there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time. If the entity’s financial statements adequately disclose its financial difficulties, the auditor’s report is required to include an explanatory paragraph that specifically uses the phrase(s):

Which statement best distinguishes an ESG reporting framework from an ESG standard?