Determine the adjustments that must be made for Company A’s financial statements.

Question

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Answer 1

Question

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

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Answer 2

Question

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Expert Solution & Answer

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Answer 3

Question

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Expert Solution & Answer

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Answer 4

Question

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Expert Solution & Answer

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Answer 5

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Answer 6

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

Answer 7

Chapter 24, Problem 33DQP

a.

To determine

Determine the adjustments that must be made for Company A’s financial statements.

Answer 8

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

Answer 9

b.

To determine

Explain the reasons for resisting in the making of adjustments by Company A.

Answer 10

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

Answer 11

c.

To determine

Explain the positive way of approaching management for convincing them to make your proposed changes.

Answer 12

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

Answer 13

d.

To determine

Explain the responsibilities related to unadjusted misstatements.

Answer 14

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Answer 15

e.

To determine

Explain the impact of adjustments on audit report and internal control over financial reporting.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 24 - Prob. 1RQ Ch. 24 - Explain why an auditor is interested in a clients...Ch. 24 - Prob. 3RQ Ch. 24 - Prob. 4RQ Ch. 24 - Prob. 5RQ Ch. 24 - Prob. 6RQ Ch. 24 - Prob. 7RQ Ch. 24 - Prob. 8RQ Ch. 24 - What major considerations should the auditor take...Ch. 24 - Identify five audit procedures normally done as a...

Determine the adjustments that must be made for Company A’s financial statements.

Solution Summary: The author enumerates the responsibilities of Company A in preparing financial statements, including determining whether the transactions are recorded correctly and presented fairly or not in accordance with financial reporting framework.

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Determine the adjustments that must be made for Company A’s financial statements.

Explain the reasons for resisting in the making of adjustments by Company A.

Explain the positive way of approaching management for convincing them to make your proposed changes.

Explain the responsibilities related to unadjusted misstatements.

Explain the impact of adjustments on audit report and internal control over financial reporting.

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Chapter 24 Solutions