Acc 403 Week 2 Assignment - Strayer

In: Other Topics

Submitted By awasa
Words 354
Pages 2
ACC 403 Week 2 Assignment - Strayer

IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download

http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1

If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer
Ch 3 & 4, week 2 Acct 403
3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse.
A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue:

1. An unqualified opinion or adverse opinion.
2. A qualified “except for” opinion or disclaimer of opinion.
3. A qualified “expect for” opinion or adverse opinion.

4. An unqualified opinion with an explanatory paragraph

B) Under which of the following circumstances would a disclaimer of opinion not be appropriate?

1. The auditor is unable to determine the amounts associated with an employee fraud scheme.
2. Management does not provide reasonable justification for a change in account principles.
3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances.
4. The chief executive officer is unwilling to sign the management representation letter.

C) The opinion paragraph of a CPA’s reports states: “ In our opinion, except for the effects of not capitalizing certain lease obligations, as discussed in the preceding paragraph, the financial statements present fairly, in all material respects…” This paragraph expresses a(n)

1. Unqualified opinion
2. Unqualified opinion with explanatory paragraph
3.…...

Similar Documents

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-403-Week-2-Assignment-Strayer-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com ACC 403 Week 2 Assignment - Strayer Ch 3 & 4, week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph B) Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the......

Words: 354 - Pages: 2

Strayer Acc 403 Week 2 Homeowrk

...Strayer ACC 403 Week 2 Homeowrk IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/Strayer-ACC-403-Week-2-Homeowrk-4309900.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com WEEK 2 Chapter 3: Problems 3-25(a-c), 3-28(a-c), and 3-3 • • Chapter 4: Problems 4-20(a-f), 4-23(a-d), and 4-26(a-d) XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Strayer ACC 403 Week 3 Homeowrk IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/Strayer-ACC-403-Week-3-Homeowrk-894504954.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com WEEK 3 • Chapter 5: Problems 5-18, 5-20(a-d), and 5-22(a-e) • • • Chapter 6: Problems 6-23(a-b), 6-25, and 6-32(a-g) ) XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Strayer ACC 403 Week 4 Homeowrk IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/Strayer-ACC-403-Week-4-Homeowrk-89585994.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com WEEK 4 • Chapter 7: Problems 7-29(a-g) and 7-33(a-b) • Chapter 8: Problems 8-29(a-d) and 8-32(a-b) XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Strayer ACC 403 Week 6 Homeowrk IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed...

Words: 13352 - Pages: 54

Acc 403 Week 2 Assignment – Strayer

...ACC 403 Week 2 Assignment – Strayer IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM ACC 403 Week 2 Assignment – Strayer 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1...

Words: 288 - Pages: 2

Acc 403 Week 2 Assignment – Strayer

...ACC 403 Week 2 Assignment – Strayer IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.hwprofile.com/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1. The opinion paragraph of a CPA’s reports......

Words: 282 - Pages: 2

Acc 403 Week 2 Assignment – Strayer

...ACC 403 Week 2 Assignment – Strayer IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.hwprofile.com/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1. The opinion paragraph of a CPA’s reports......

Words: 282 - Pages: 2

Acc 403 Week 2 Assignment – Strayer

...ACC 403 Week 2 Assignment – Strayer IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.hwprofile.com/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1. The opinion paragraph of a CPA’s reports......

Words: 282 - Pages: 2

Acc 403 Week 2 Assignment – Strayer

...ACC 403 WEEK 2 ASSIGNMENT – STRAYER To purchase this, Click here http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 2 ASSIGNMENT - STRAYER ACC 403 WEEK 2 ASSIGNMENT - STRAYER http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/   ACC 403 WEEK 2 ASSIGNMENT – STRAYER To purchase this, Click here http://www.activitymode.com/product/acc-403-week-2-assignment-strayer/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 2 ASSIGNMENT - STRAYER ACC 403 WEEK 2 ASSIGNMENT -......

Words: 641 - Pages: 3

Acc 403 Week 8 Assignment 2

...ACC 403 WEEK 8 ASSIGNMENT 2 To purchase this visit here: http://www.activitymode.com/product/acc-403-week-8-assignment-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 8 ASSIGNMENT 2 – AUDIT PLANNING AND CONTROL It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company’s financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) standards. Use the Internet to select a public accounting company that appeals to you. Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company. Write a four to six (4-6) page paper in which you: 1. Outline the critical steps inherent in planning an audit and designing an effective audit program. Based upon the type of company selected, provide specific details of the actions that the company should undertake during planning and designing the audit program. 1. Examine at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit. 2. Analyze the balance sheet and income statement of the company that you have......

Words: 1144 - Pages: 5

Acc 403 Week 2 Assignment - Strayer

...ACC 403 Week 2 Assignment - Strayer IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM ACC 403 Week 2 Assignment - Strayer 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1. The......

Words: 288 - Pages: 2

Acc 403 Week 2 Assignment – Strayer

...ACC 403 Week 2 Assignment – Strayer IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=acc-403-week-2-assignment-strayer IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM ACC 403 Week 2 Assignment – Strayer 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. 1. The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue: 1. An unqualified opinion or adverse opinion. 2. A qualified “except for” opinion or disclaimer of opinion. 3. A qualified “expect for” opinion or adverse opinion. 4. An unqualified opinion with an explanatory paragraph 1. Under which of the following circumstances would a disclaimer of opinion not be appropriate? 1. The auditor is unable to determine the amounts associated with an employee fraud scheme. 2. Management does not provide reasonable justification for a change in account principles. 3. The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances. 4. The chief executive officer is unwilling to sign the management representation letter. 1...

Words: 288 - Pages: 2