Case Notes - SAK

Bb.

Calculate total projected mistreatment if the following three mistreatments were discovered in a PPS sample when the sampling interval is $1,000. Recorded Amount Audit Amount Sampling interval Total Projected Mistreatment 1st mistreatment $400 $320 $1,000 _________________ 2nd mistreatment 500 0 $1,000 _________________ 3rd mistreatment 3,000 2,500 $1,000 _________________

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According to the 2020 Reports to the Nations published by the Association of Certified Fraud Examiners, approximately, what percentage of Occupational Fraud and Abuse cases are discovered through tips?   A. 41   B. 43   C. 45   D. 46

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Answer the following from Chapter 7 of the textbook (write a one page response for each question):  Discussion Question 37:  Explain why Benford's Law is useful to auditors in the detection of fraud.

Discussion Question 37:  Explain why Benford's Law is useful to auditors in the detection of fraud. (write a one page response for each question):

f Officer Ellis receives a tip from a reliable source that Jaidyn is dealing drugs out of her apartment. Officer Ellis requests a search warrant. The warrant will O a. be granted because police officers are granted search warrants upon request. O b. be granted when Officer Ellis explains the police received a reliable tip that Jaidyn was involved in criminal activity and that evidence of that activity might be found in her apartment. O c. not be granted because search warrants may not be issued on a received tip only. O d. not be granted because search warrants do not cover living quarters such as apartments and houses due to the high degree of privacy afforded such dwellings.

An external auditor of Roses Corporation sent out positive confirmation requests to 1,000 customers. Population size is 2,400 accounts, with a total recorded value of P400,000. Recorded value of samples selected is P159,960 and audited value of samples is P151,360. What is the estimated population audited value using ratio estimation? A. 400,000 B. 422,728 C. 378,480

You are auditing the financial statements of Blue Pty Ltd, a whitegoods wholesaler. You ask the audit junior to assist you to test whether or not purchases of equipment are fairly stated. You tell him that you will use dollar unit sampling.   Your assistant provides you with the information in the table below.   Number of purchases   6,000   Amount of purchases   $6,000,000   Sample size   60   Dollar value of sample   $600,000   Materiality allocated   $60,000   Error found in the sample   $600   REQUIRED: Draw a conclusion, on the basis of the information provided, as towhether or not purchases are fairly stated. Explain  your answer and show all calculations.

Make a note of any responses entered on this page in the last few minutes, then try to re-connect. Once connection has been re-established, your responses should be saved and this message will disappear. 020114022 AAUP - JENIN) y courses / AUDITING AND ASSURANCE SERVICES Section1 Lecture (20202 020114022 AAUP JENIN) / 10 July Time left 0: Determine the type of evidence we can get from this audit procedure. Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative the preceding year. O a. Analytical procedure O b. Confirmation Oc. Physicals examination O d. Inspection

answer

An external auditor of Roses Corporation sent out positive confirmation requests to 1,000 customers. Population size is 2,400 accounts, with a total recorded value of P400,000. Recorded value of samples selected is P159,960 and audited value of samples is P151,360. What is the estimated population audited value using ratio estimation? A. 400,000 B. 422,728 C. 378,480   Using the data provided in Roses Corporation, what is the projected misstatement using MPU estimation?A. 151,360 B. 20,640 C. 8,600

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KINDLY ANSWER THE TRUE OR FALSE PART NUMBER 4 AND 5. THANK YOU!

AICPA Code of Professional Conduct. Reread the Module B introduction about ScottLondon, CPA.Required:a. What code violations have occurred in this case?b. What is the range of penalties that the PCAOB could levy against London? By the California State Board of Accountancy?c. What do you think is the appropriate penalty?

On 1st May, 2024 you are engaged to audit the financial statement of Giant Pharmacy for the period ending 30th December 2023. The Pharmacy is located at Mgeni Nani at the outskirts of Mtoni Kijichi in Dar es Salaam City. Materiality is judged to be TZS. 200,000/=. During the audit you found that all tests produced clean results. As a matter of procedures you drafted an audit report with an unmodified opinion to be signed by the engagement partner. The audit partner reviewed your file in October, 2024 and concluded that your audit complied with all requirements of the international standards on auditing and that; sufficient appropriate audit evidence was in the file to support a clean audit opinion. Subsequently, an audit report with an unmodified opinion was issued on 1st November, 2024. On 18th January 2025, you receive a letter from Dr. Fatma Shemweta, the Executive Director of the pharmacy informing you that their cashier who has just absconded has been arrested in Kigoma with TZS.…