EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
Question
Book Icon
Chapter 20, Problem 27DQP

a.

To determine

Locate annual proxy statement and summary of CEO compensation for 2017 and identify the total amount and component of the chairman and chief executive officer’s total compensation from DEF 14A Filing from SEC’s website.

b.

To determine

State one audit procedure the audit perform to test the chairman and CEO’s salary and audit objective behind the procedure

c.

To determine

State one audit procedure the auditor would perform to test occurrence objective related to the awarding of the chairman and CEO’s stock awards and stock option/stock appreciation rights (SAR).

d.

To determine

Identify the auditor test for fair value estimation of the stock option /stock option rights.

e.

To determine

Explain the importance of balance related presentation audit related objective for stock based compensation.

f.

To determine

Locate CEO pay ratio section and identify the ratio of CEO pay to median employee for 2017 and summarize the methodology used to calculate ratio

Blurred answer
Students have asked these similar questions
Radium Tech Inc. has net sales of $320,000, cost of goods sold of $210,000, selling expenses of $15,000, and non-operating expenses of $6,000. What is the company's gross profit? Answer
What is the amount of cost of goods sold?
Alpha Corporation applies overhead costs to jobs on the basis of direct labor costs. Job O, which was started and completed during the current period, shows charges of $6,850 for direct materials, $10,300 for direct labor, and $6,710 for overhead on its job cost sheet. Job O, which is still in process at year-end, shows charges of $3,500 for direct materials and $5,800 for direct labor. a. Should any overhead cost be applied to Job O at year-end? b. How much overhead cost should be applied to Job O?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage
Text book image
SWFT Comprehensive Volume 2019
Accounting
ISBN:9780357233306
Author:Maloney
Publisher:Cengage
Text book image
Contemporary Auditing
Accounting
ISBN:9781337650380
Author:KNAPP
Publisher:Cengage
Text book image
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Text book image
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning