Q: From the “Inspections” section of the PCAOB’s website, access
From the “Inspections” section of the PCAOB’s website, access the most recent inspection reports for each of the Big Four firms (Deloitte, EY, KPMG, and PwC). Each inspection report contains the follo...
See AnswerQ: How is the auditors’ standard (unmodified) report modified for qualified
How is the auditors’ standard (unmodified) report modified for qualified or adverse opinions issued as a result of departures from GAAP?
See AnswerQ: Michael Ewing is auditing the financial statements of Dallas Company for the
Michael Ewing is auditing the financial statements of Dallas Company for the year ended December 31, 2017. In concluding the process of gathering sufficient appropriate evidence, Ewing has asked to me...
See AnswerQ: Crankwell Inc. is preparing its annual financial statements and annual report
Crankwell Inc. is preparing its annual financial statements and annual report to stockholders. Management wants to be sure that all of the necessary and proper disclosures have been incorporated into...
See AnswerQ: You are in the process of completing the gathering of sufficient appropriate
You are in the process of completing the gathering of sufficient appropriate evidence for Top Stove Corporation, a company engaged in the manufacture and sale of kerosene space heaters. To date, there...
See AnswerQ: In connection with your examination of the financial statements of Olars Manufacturing
In connection with your examination of the financial statements of Olars Manufacturing Corporation for the year ended December 31, your post balance-sheet substantive procedures disclosed the followin...
See AnswerQ: On June 1, Sidney Faultless of A. J. Faultless
On June 1, Sidney Faultless of A. J. Faultless & Co., CPAs, noticed some disturbing information about the firm’s client, Hopkirk Company. A story in the local paper mentioned the indictment of Tony Ba...
See AnswerQ: The following are independent situations that have occurred in your public accounting
The following are independent situations that have occurred in your public accounting firm, Arthur Hurdman: Case 1 During the internal inspection by a regional office of Arthur Hurdman, one of its cl...
See AnswerQ: Jay Ralph completed the December 31, 2017, audit of Raider
Jay Ralph completed the December 31, 2017, audit of Raider Company on February 3, 2018; Raider’s financial statements and Ralph’s reports on Raider’s financial statements and internal control over fin...
See AnswerQ: A. Griffin audited the financial statements of Dodger Magnificat Corporation for
A. Griffin audited the financial statements of Dodger Magnificat Corporation for the year ended December 31, 2017. She completed gathering sufficient appropriate evidence on January 30 and later learn...
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