Questions from Auditing and Assurance


Q: Research what are the top ten major federal tax expenditures. Hint

Research what are the top ten major federal tax expenditures. Hint: For 2016, you can go to the Taxpayer Advocate Service Annual Report to Congress and find a table with the estimated cost of providin...

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Q: You loaned your roommate$4,500 for next semester’s tuition

You loaned your roommate$4,500 for next semester’s tuition. Your roommate promised to pay you back next summer from his summer employment. However, next summer, you realized that your roommate never f...

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Q: Utilizing Figure 2-3 from chapter 2, identify the eight

Utilizing Figure 2-3 from chapter 2, identify the eight elements for the following: A prospective client has requested a report on the reliability of its electronic commerce activities on the Internet...

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Q: On April 15, the City of Old Putz invests its “

On April 15, the City of Old Putz invests its “available” excess cash with an investment broker. The investment broker then purchases 90-day commercial paper from a set of “blue chip” companies. On Ju...

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Q: Utilizing the AICPA.org website, conduct research to answer the

Utilizing the AICPA.org website, conduct research to answer the following questions: a. In addition to completing the audit of Jack’s Manufacturing, Inc. for the coming year, your firm has been reques...

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Q: Examine 17 CFR part 229.306, and explain the legal

Examine 17 CFR part 229.306, and explain the legal requirements for an audit committee. (Hint: Either use a legal database or search Title 17 of the Code of Federal Regulations.)

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Q: You are performing the audit of XCO, a public company.

You are performing the audit of XCO, a public company. Bubba Smith, the inventor who founded XCO is still the majority shareholder. Bubba and his two daughters comprise the majority of senior manageme...

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Q: Locate SEC Accounting and Auditing Enforcement Release No. 3834. Write

Locate SEC Accounting and Auditing Enforcement Release No. 3834. Write at least two paragraphs explaining what that SEC release discussed.

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Q: Identify competitor companies to Sony Music and how they rank. Identify

Identify competitor companies to Sony Music and how they rank. Identify your sources.

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Q: Describe and assess the effectiveness of the FASB’s disclosure project. Identify

Describe and assess the effectiveness of the FASB’s disclosure project. Identify and Explain what areas of accounting were effected by the project. Assess whether there are other areas that the Disclo...

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