Auditing Principles and Procedures

I don’t know how to handle this Accounting question and need guidance.

Assignment Question(s):

IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides, fellow student, or internet.

Q1. What is the difference between the substantive analytical procedures and the substantive test of details? Explain in detail and provide an example of each one

Q2. For each of the following, state whether it is a test of details of account balances or a test of details of disclosures. Then note for which assertion the test provides evidence.

1. Inspect loan agreements under which an entity’s inventories are pledged.

2. Review inventory compilation for proper classification among raw materials, work in process, and finished goods.

3. Observe the count of physical inventory.

4. Trace test counts and tag control information to the inventory compilation.

5. Inquire of management about issues related to LIFO liquidations.

6. Review book-to-physical adjustments for possible misstatements.

Below is the answer of the first one to explain how to answer the question:

1. Disclosures – Occurrence, Rights and obligations

Q3. Explain the importance of observing physical inventory during an audit.

  • Best Nursing Writers
  • Best Nursing Writing Company
  • Buy a Nursing Essay
  • Capstone Project Writing Services
  • CHEAP NURSING ASSIGNMENTS
  • Cheap Thesis Writing Nurses
  • Community Health
  • Course Work
  • Document Formatting Services
  • Family Health Nursing
  • Fundamentals of Nursing
  • Geriatrics
  • GRADUATES CAPSTONE PROJECT
  • Health & Human Ecology
  • Human Bio-Sciences
  • Human Physiology
  • Industry Warning and Guidance!
  • Legit Nursing Writing Company
  • Medical Writing Services
  • Mental Health & Psychiatry
  • Nursing Assignment Help
  • Nursing Bibliography
  • Nursing Case Study
  • Nursing Coursework Help
  • Nursing Dissertation Writing Services
  • Nursing Essay/Personal Statement
  • Nursing Essays
  • Nursing Freelance Writers
  • Nursing Practitioners
  • Nursing Report Writing
  • Nursing Surgery
  • Nursing Term Paper Writing
  • Nursing Thesis Writing

©  2020 Nursingpaperspros.com