Audit Report Deficiencies: Accounting Change and Uncertainty

Audit Report Deficiencies: Accounting Change and Uncertainty. The following auditors’ report was drafted by Quinn Moore, a staff auditor with Tyler & Tyler, CPAs, at the completion of the audit of the financial statements of Park Publishing Company for the year ended September 30, 2014. The engagement partner reviewed the audit documentation and properly decided to issue an unmodified opinion. In drafting the report, Moore considered the following:

• During fiscal year 2014, Park changed its depreciation method. The engagement partner concurred with this change in accounting principles and its justification, and Moore included an emphasis-of-matter paragraph in the report.

• The 2014 financial statements are affected by an uncertainty concerning a lawsuit, the outcome of which cannot presently be estimated. Moore included an emphasis-of-matter paragraph in the report to emphasize this uncertainty.

• The financial statements for the year ended September 30, 2013, are to be presented for comparative purposes. Tyler & Tyler previously audited these statements and expressed an unmodified opinion.

 

Required:

Identify the deficiencies in the auditors’ report as drafted by Moore. Group the deficiencies by section or paragraph and in the order in which they appear. Do not rewrite the report.

The post Audit Report Deficiencies: Accounting Change and Uncertainty appeared first on Homeworkacetutors.com.



CLICK HERE TO ORDER THIS PAPER………………………NO PLAGIARISM Get 100% Original papers from the writing experts Logo     CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS……

Comments

Post a Comment

Popular posts from this blog

Access AHIMA: What is Health Information

Image
  Reflection Students are encouraged to create portfolios and begin to "manage" their careers. When you began a college education you took the first step. You now need to begin to reflect on the next goal, then medium, and long-term goals. I did not complete my final degree until well into my 50's. And that is fine, I loved my health care career. I was eager to care for patients and did not leave direct patient care for many decades. I did know the time would come to do so however, and began to earn the college degrees I would need at the proper time. This is what is meant by managing your career. This is an entry level program. It is designed to assist you in getting your "foot in the door" where you can learn valuable clinical skills. A common and important degree is the Bachelor of Health Information Management (BS-HIM). This is a reflective assignment. After you have earned your Associate Degree, what would you like to do next? Explore your next step in Care...
Read more

Discuss the notion that firms should stop doing business with customers who constantly generate losses versus the notion that the customer is always right.

Image
  Discuss the notion that firms should stop doing business with customers who constantly generate losses versus the notion that the customer is always right.   Assignment status :    Get solution from our writing team CLICK HERE TO ORDER THIS PAPER AT PrimeWritersBay.com PAPER COMPLETED BY OUR WRITING EXPERTS    FREE FROM PLAGIARISM  
Read more

Discern leadership approaches that facilitate achievement of health outcomes through interprofessional collaborative practice within micro-, meso-, and macro-level systems

Image
  Leading a Culture of Excellence Paper Purpose The purpose of this assignment is to consider the value of a culture of excellence and leadership strategies which support a culture of excellence within the student’s selected MSN track.   Students will identify organizational characteristics which support a culture of excellence.   In addition, students will identify an existing organizational mission, vision, and values and create an original concept map to portray the interrelationships between each element.   The extent to which the organizational mission, vision, and values reflect a culture of excellence will be examined.   Leadership strategies which promote a culture of excellence and support the Chamberlain Care Model®will be applied.   Course Outcomes Through this assignment, the student will address the following Course Outcomes: ·          CO #1 - Discern leadership approaches that facilitate ...
Read more