Tag: financial statement

The exam time is from 9:00 a.m. on January 17, 2023 to 9:00 a.m. on the 18th. In this 24 hours, I need you to help me complete the exam paper, and I will provide the courseware and previous year’s test questions. The exam questions are 20 choice questions and one big question.

Two questions – couldn’t complete
One question – need help solving it with step by step
Willing to adjust for a reasonable price

Individually, complete all sets and parts of the Financial Exercises individually to prepare for your Wk 3 – Group: Financial Exercises Summary assignment. The file contains the following 5 worksheet tabs to complete:
Wk 3: Set 1, Part 1
Wk 3: Set 1, Part 2
Wk 3: Set 2, Part 1
Wk 3: Set 2, Part 2
Wk 3: Set 2, Part 3

Using current literature, complete “Case 17-10, ABC Retailers-Internal Controls” that is attached. Here are the specific questions that need to be answered:
Required:
1. What are the key considerations when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement?
2. Does the Assistant Controller’s failure to adequately review the Vendor Change Form represent a deficiency in the design or operating effectiveness of the control?
3. Is the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting?
4. Would the deficiency warrant disclosure in the Company’s Form 10-K, Item 9A? If so, what information would the Company be expected to disclose?
5. What implications does the deficiency have on other direct or indirect controls
6. What are the ethical issues that need to be considered? (this question is in addition to the ones at the end of the case)

what did you find interesting about the video? Do you see remote auditing as continuing beyond the pandemic and what improvements do you think can be made on this process?