TaskThis assignment provides you with an opportunity to demonstrate the achievement of the following course learning outcomes: Implement audit plan strategies by evaluating sample programs for specific accounting cycles, and Demonstrate the use and impact of data analytics and current technological advances in auditing, as well as the impact the use of technology by businesses has in providing assurance. You are expected ...
Westinghome LtdWestinghome Ltd is a large listed company which specialises in the manufacture of whitegoods and other electrical appliances. It is late April 2021 and you are currently planning the 30 June 2021 audit_ The auditor's report is due to be signed on 20 July 2021. During your planning, the following independent and material situations come to your attention. 1.On 1 January 2021. Westinghome signed a 3-year contract with KP Pty Ltd ...
Clifford Hone's ProblemClifford Hone had a problem. His company had come up short of its earnings target. For the fiscal year ended April 30. 1995. financial analysts had projected that Health Management. Inc. (HMI). I). a New York-based pharmaceuticals distributor. would post earnings per share of $0.74. Following the close of fiscal 1995, Drew Bergman, HMI's chief financial officer (CFO) informed Hone, the company's founder and chief exe...
Natural GasI have highlighted the required section to be done one page 17. The interview questions needed are in APPENDIX 3 on pages 25-30. also pages 5-7 gives a general idea about the company. The overall goal of this project is to provide you with a semester-long simulation of an audit of the financial statements of a pipeline company. There are three main objectives behind this simulation: 1.To help you better understand the concepts p...
Project ObjectivesColAlta Pipeline: An External Auditing Simulation The overall goal of this project is to provide you with a semester-long simulation of an audit of the financial statements of a pipeline company. There are three main objectives behind this simulation: To help you better understand the concepts presented in the external audit course by giving you some hands-on practice related to those concepts; To provide you with exampl...
Overall Allocation Analysis using Morningstar X-RaySection I: The Analysis 1. We can start analyzing the Overall Allocation of the 401(k) plan by using the X-Ray Overview section of Morningstar (located in the supplemental document titled: “Documents for the Case Study”) to answer the following questions: a. Does the current allocation of your friend’s 401(k) plan satisfy the desired overall allocation? Please explain your answ...
Overview of Anthony's Building Company Ltd.Answer AT LEAST TWO questions, and NO MORE THAN THREE questions from this section. You are the audit partner for Anthony’s Building Company Ltd. (ABC), a property developer specialising mainly in residential housing. At the end of 2019, the assets of the company were valued at cost at £250m. Sales totalled £100m for the year with ABC 10% net profit. Seeking to diversify, in the first t...
Factors concerning auditors for Top Notch Homes Ltd.Top Notch Homes Ltd. (TNH) is a privately owned company selling a luxury range of home equipment. Fiona Fielding, the daughter of the company’s founder, took over responsibility for running the company in December 2018. She has little management experience. Her main interest is in developing a new business line to broaden the company’s activities. She has no interest in day-to-day i...
Background informationProfessional and Ethical Standard, (PES) 1, requires that professional accountants have the competence to undertake an audit. ISA (NZ) 315 outlines procedures that auditors must follow in gaining an understanding of a business. Assume that you are a manager in an auditing firm in New Zealand and your firm has been approached by the Auditor General’s Office to carry out their audit of Air New Zealand for the years ende...
Learning OutcomesThis assessment covers the following learning outcomes from the module. Knowledge 1. An understanding of the nature and importance of auditing in society. 2. An understanding of the role and responsibilities of directors, auditors and others within the corporate framework. 3. An understanding of the audit framework in the UK. 4. An understanding of the different types of audit and their roles in corporate governance. 5....
Learning Outcomes1.Apply an evaluative approach to a range of business data, sources of information and appropriate methodologies in identifying drivers of innovation within a business and its environments; Analyse and illustrate how organisations and their leaders can successfully plan and prepare for innovation; 3.Critically discuss the importance of organisational knowledge, knowledge transfer and cross functional co-operation in or...