Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 15, Problem 34P

a.

To determine

Provide an audit procedure for identifying that the client has a current ratio of at least 1.5 to 1.

b.

To determine

Provide an audit procedure for identifying that the client has paid the dividend as per the given conditions.

c.

To determine

Provide an audit procedure for identifying that the client has pledged the accounts receivable and inventory.

d.

To determine

Provide an audit procedure for identifying that the client has not paid more than $800,000 to the presidents and vice president for salary.

e.

To determine

Provide an audit procedure for identifying that the client has made monthly payments as per the agreement are due by the 10th of the following month.

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Principles Of Auditing & Other Assurance Services

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