Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Question
Chapter 14, Problem 14.4RQ
To determine
Concept Introduction:
To identify:The two substantive analytical procedure that can be used to audit prepaid insurance.
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Students have asked these similar questions
Distinguish between the evaluation of the adequacy of insurancecoverage and the verification of prepaid insurance. Explain which is more important ina typical audit
Do you believe the accuracy of the prepaid accounting balance can be determined by examining, the procedure related to the insurance purchasing process checking authorization, and recording?
when auditing VAT payable account, what are the considerations that you need to remember and procedures that you need to do say that you have gained a reasonable assurance of its compliance with standards and regulatory protocols?
Chapter 14 Solutions
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Ch. 14 - Prob. 14.1RQCh. 14 - Prob. 14.2RQCh. 14 - Prob. 14.3RQCh. 14 - Prob. 14.4RQCh. 14 - Prob. 14.5RQCh. 14 - Prob. 14.6RQCh. 14 - Prob. 14.7RQCh. 14 - Prob. 14.8RQCh. 14 - Prob. 14.9RQCh. 14 - Prob. 14.10RQ
Ch. 14 - Prob. 14.11RQCh. 14 - Prob. 14.12MCQCh. 14 - Prob. 14.13MCQCh. 14 - Prob. 14.14MCQCh. 14 - Prob. 14.15MCQCh. 14 - Prob. 14.16MCQCh. 14 - Prob. 14.17MCQCh. 14 - Prob. 14.18MCQCh. 14 - Prob. 14.19MCQCh. 14 - Prob. 14.20MCQCh. 14 - Prob. 14.21MCQCh. 14 - Prob. 14.22MCQCh. 14 - Prob. 14.23PCh. 14 - Prob. 14.24PCh. 14 - Prob. 14.25PCh. 14 - Prob. 14.26PCh. 14 - Prob. 14.27PCh. 14 - Prob. 14.28P
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- describe the components that make up a billing compliance plan and its role in a healthcare audit.arrow_forwardHow does the Health Insurance Portability and Accountability Act (HIPAA) facilitate electronic transactions?arrow_forwardExplain the relationships among audit services, attestation services,and assurance services, and give examples of each.arrow_forward
- Distinguish between an audit strategy and an audit plan or audit program?arrow_forwardThe most probable audit processes to verify receivables written off as uncollectible include Explain the aim of each of these steps.arrow_forwardExplain the difference between current and noncurrent assets and liabilities. Why is this distinction important to stakeholders?arrow_forward
- Differentiate between the audit strategy and the audit plan.arrow_forwardIdentify and explain the various stages of and parties to the collection of a check.arrow_forwardusing a sample Third-Party Accounts Receivable Report attached a.Describe how data are utilized by an organization in healthcare audits. Consider the following: Which data are important to a revenue-cycle audit? How are the different components of the accounts receivable report used to inform an auditb. b. Describe how to establish parameters for collecting benchmarking data in healthcare audits. Consider the following: How do you determine which data are appropriate for benchmarking? What should you consider when setting parameters for benchmark data?arrow_forward
- What audit procedures are most likely to be used to verify accountsreceivable written off as uncollectible? State the purpose of each of these procedures.arrow_forwardWhat are the characteristics of a confirmation? Distinguish betweena confirmation and external documentation.arrow_forwardDescribe the purpose and give examples of audit procedures in the search for unrecorded liabilities.arrow_forward
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