Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

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Answer 1

Question

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

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Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,000 24,400 73,400 9,420 $ 82,820 c. Time tickets show the following labor used for the month. Print References Job 201 $ 40,000 Job 202 13,400 Total direct labor 53,400 25,000 $ 78,400 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $166,160 on credit. g. Incurred the following actual other…

Answer 2

Question

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

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Answer 3

Question

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

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Answer 4

Question

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

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Answer 5

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

Answer 6

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

Answer 7

Chapter 7, Problem 36DQP

a.

To determine

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

Answer 8

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

Answer 9

b.

To determine

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

Answer 10

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

Answer 11

c.

To determine

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 7 - Prob. 1RQ Ch. 7 - Prob. 2RQ Ch. 7 - Prob. 3RQ Ch. 7 - Prob. 4RQ Ch. 7 - Prob. 5RQ Ch. 7 - Prob. 6RQ Ch. 7 - Prob. 7RQ Ch. 7 - Prob. 8RQ Ch. 7 - Prob. 9RQ Ch. 7 - Prob. 10RQ

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

Solution Summary: The author states the requirements of AU-C 230.08. Audit documentation must be sufficient to allow an experienced auditor to understand the nature, timing, and extent of the audit procedures executed to conform to GAAS and applicable regulatory and legal requirements

Explain the indication of the standard with regard to whether the documentation can be deleted after the document completion date or whether documentation could be added after the document completion date.

State the requirements of the form, content, and extent of audit documentation according to AU-C 230.08.

State the action of the auditor in evaluating whether information provided by the client is sufficiently reliable.

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