Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 10, Problem 12RQ
To determine
Identify the accounts to be considered by auditor during the assessment of misstatements in revenue.
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Students have asked these similar questions
Why is it necessary to pre-number reports received? In what way might an auditor examine a claim made in the receiving reports?
What are the most common revenue-recognition abuses identified by auditors?
Why do auditors focus on revenue as a significant account and the occurrence of revenue as a relevant assertion in the revenue cycle?
Chapter 10 Solutions
Auditing And Assurance Services
Ch. 10 - Prob. 1RQCh. 10 - Define misappropriation of assets and give two...Ch. 10 - Prob. 3RQCh. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
Ch. 10 - Prob. 11RQCh. 10 - Prob. 12RQCh. 10 - Prob. 13RQCh. 10 - Prob. 14RQCh. 10 - Prob. 15RQCh. 10 - Prob. 16RQCh. 10 - Prob. 17RQCh. 10 - Prob. 18.1MCQCh. 10 - Prob. 18.2MCQCh. 10 - Prob. 18.3MCQCh. 10 - Prob. 19.1MCQCh. 10 - Prob. 19.2MCQCh. 10 - Prob. 19.3MCQCh. 10 - Prob. 20.1MCQCh. 10 - Prob. 20.2MCQCh. 10 - Prob. 20.3MCQCh. 10 - Prob. 21.1MCQCh. 10 - Prob. 21.2MCQCh. 10 - Prob. 21.3MCQCh. 10 - Prob. 22DQPCh. 10 - Prob. 23DQPCh. 10 - Prob. 24DQPCh. 10 - Prob. 26DQPCh. 10 - Prob. 27DQPCh. 10 - Prob. 28DQPCh. 10 - Prob. 30DQPCh. 10 - Prob. 31DQPCh. 10 - Prob. 32DQPCh. 10 - Prob. 33DQP
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Similar questions
- Define and give examples of off-balance-sheet information. Why should auditors be concerned with such items?arrow_forwardPlease identify the items the auditors are most likely to find improperly included as miscellaneous revenue.arrow_forwardDiscuss the risk of material misstatement in the revenue and collection cycle, with a specific focus on improper revenue recognition.arrow_forward
- What is the purpose of analytical reviews in the audit of revenue cycle accounts? Please give an example.arrow_forwardHow does the concept of materiality influence the auditors’ report?arrow_forwardWhy should receiving reports be prenumbered? What assertion would an auditor test using thereceiving reports, and how would the auditor do this?arrow_forward
- What types of audit procedures are typically performed in testing operating effectiveness of controls over the revenue and collection cycle?arrow_forwardHow do auditors audit accounting estimates and other subjective information?arrow_forwardDefine the danger of substantial misrepresentation. RMM is measured by auditors at what level of the financial statements? Explain how auditors evaluate the RMM. What part of substantive testing does RMM play?arrow_forward
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