ACCT 444 FINANCIAL ANALYSIS PROJECT - AUDITING
Question # 00059980
Posted By:
Updated on: 04/07/2015 11:38 PM Due on: 04/15/2015
REQUIRED
1) Consider all of your potential errors or misstatements summarized below and revise with a new
income statement and balance sheet.
2) Prepare a reconciliation of the reported earnings of $294,000 to your final adjusted profit
as illustrated below. There are colums to show the impact of any changes on the current ratio.
( Make sure you explain your potential misstatements or errors-give your assumptions)
3) List at least one (1) or (2) audit procedures you would use to test for the possible errors or
misstatements you listed in the schedule below.
1) Consider all of your potential errors or misstatements summarized below and revise with a new
income statement and balance sheet.
2) Prepare a reconciliation of the reported earnings of $294,000 to your final adjusted profit
as illustrated below. There are colums to show the impact of any changes on the current ratio.
( Make sure you explain your potential misstatements or errors-give your assumptions)
3) List at least one (1) or (2) audit procedures you would use to test for the possible errors or
misstatements you listed in the schedule below.
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Rating:
/5
Solution: ACCT 444 FINANCIAL ANALYSIS PROJECT - AUDITING