Questions from Auditing and Assurance

Q: What role does professional judgment play in the daily activities of the

What role does professional judgment play in the daily activities of the accountant or auditor?

Q: Describe the qualities establishing sophisticated analysis and reasoning in a tax research

Describe the qualities establishing sophisticated analysis and reasoning in a tax research memo.

Q: What exposure drafts are currently available from the FASAB?

What exposure drafts are currently available from the FASAB?

Q: Given that GASB is related to FASB through their common oversight board

Given that GASB is related to FASB through their common oversight board, research GASB’s plans for its hierarchy of accounting sources. Identify where you found that information

Q: What is the most recent exposure draft or accounting standards update for

What is the most recent exposure draft or accounting standards update for accounting for derivatives? What database helped you find an answer?

Q: Review Walmart’s financial reports for the last three years, and perform

Review Walmart’s financial reports for the last three years, and perform a ratio analysis of them. In one paragraph, discuss the company’s financial situation. What databases and parts of that databas...

Q: Merrill Corporation engages in a valid cash flow hedge where it minimizes

Merrill Corporation engages in a valid cash flow hedge where it minimizes the risk from variable interest rated debt by promising to issue dividend payments from both its own portfolio and its portfol...

Q: Find the company Alexander & Baldwin. Write a one sentence explanation

Find the company Alexander & Baldwin. Write a one sentence explanation describing Alexander & Baldwin’s business. Identify the company’s top competitors. Identify the databases and parts of the databa...

Q: Conduct research to describe a major financial fraud that the SEC announced

Conduct research to describe a major financial fraud that the SEC announced in the first half of 2016 and find a recent case involving cyber fraud or fraud that used technology. What database and part...

Q: What financial ratios are provided in the Mergent Online database? Compare

What financial ratios are provided in the Mergent Online database? Compare (identify the similarities) and contrast (identify the differences) in this result to the financial ratios presented in S&P C...