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Which of the following correctly describe a role played by a member of the estate planning team? Accountant: preparation of financial and cash flow statements Attorney: preparation of legal documents Trust officer: original writing of basic trust instruments to be customized for the client Financial planner: coordination of the elements of the plan   A)I, II, and III   B)II and III   C)I, II, and IV   D)I and IV

Examples of assurance services include All of the following except......Select one:   a. Compliance engagement. b. Financial engagement. c. Due diligence engagement. d. Training engagement.

Financial audit Q&A What is the file type of the customer confirmation that is related to the outstanding balance the client has?

Which of the following statements describes disclosures correctly? O a. Hiding certain part of the information O b. Closing all the doors and computers to safeguard products, cash and wealth O c. Openly stating all parts of the information O d. Requesting the recipients to find full information by themselves

Auditing and Assurance Services T321 Which one of the following services provides a moderate level of assurance about the client's financial statements? Select one: O a. review O b. forecasts and projections O c. compliance O d. audit

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Which of the following is considered an assurance engagement? Bookkeeping Preparation Compilation Audit

All of the following are examples of assurance services except:a. Financial engagement. b. Compliance engagement. c. Due diligence engagement. d. Training engagement.

Auditing. Please use own sentences

1. Please answer ASAP!!

An estate agent must ensure that the computerised accounting system for the estate agency business is not capable of deleting a trust ledger account unless two (2) requirements are met - What are they?

5 ___________ is a tool for planning, directing, and controlling the audit work. a. Engagement letter b. Audit programme c. Audit report d. Audit evidence

quickly plz - The auditor shall obtain _____  that the organization have appropriately accounted for related party transaction and made appropriate disclosure of such relationship and transaction Management Representation Absolute assurance Audit evidence Reasonable assurance

Choose the documents which should be included in the audit documentation a. Summaries of significant matter O b. Issue memoranda O c. Audit program O d. All the options

Forensic Accounting: Assurance Engagement 2: Net Worth Analysis. You can use the computer-based Electronic Workpapers on the textbook website to prepare the net worth analysis required in this problem.Net worth analysis is performed when fraud has been discovered or is strongly suspected and the information to calculate a suspect’s net worth can be obtained (e.g., asset and liability records, bank accounts). The procedure used is to calculate the person’s change in net worth (excluding changes in market values of assets) and to identify the known sourcesof funds to finance the changes. Any difference between the change in net worth and the known sources of funds is called funds from unknown sources, which might include illgotten gains.Nero has worked for Bonne Consulting Group (BCG) as the executive secretary for administration for nearly 10 years. Her dedication has earned her a reputation as an outstanding employee and has resulted in increasing responsibilities. Nero is also a…

2 What are the two main assurance level or engagements that auditors can perform for their clients regarding the financial statements:   _________________ ________________

Forensic Accounting: Assurance Engagement 1: Expenditure Analysis. Expenditureanalysis is used when fraud has been discovered or strongly suspected and the informationto calculate a suspect’s income and expenditures can be obtained (e.g., asset and liabilityrecords, bank accounts). Expenditure analysis consists of establishing the suspect’s knownexpenditures for all purposes for the relevant period, subtracting all known sources of funds(e.g., wages, gifts, inheritances, bank balances), and identifying the difference as “expenditures financed by unknown sources of income.”The law firm of Gleckel and Morris has hired you. The lawyers have been retained byBlade Manufacturing Company in a case involving a suspected kickback by a purchasingemployee, E. J. Cunningham. Cunningham is suspected of taking kickbacks from MasonVarner, a salesman for Tanco Metals. Cunningham has denied the charges, but LanierGleckel, the lawyer in charge of the case, is convinced the kickbacks have…

The use of a bank account addresses which objective of internal control? Group of answer choices safeguard assets ensure reliability of accounting data promote operational efficiency encourage adherence to prescribed managerial policies

The use of an audit engagement letter is the best method of assuring the auditor will have which of the following?Select one: a. Cooperation from other auditors b. Auditor will obtain sufficient appropriate audit evidence. c. Access to all books, accounts and vouchers required for audit purpose d. Management representation letter

Information Risk Analyst (IT Controls Audit) will help the organization assess risk controls and their effectiveness for current and future design improvements. To be successful in this career path YOU must be familiar with the concept Information Risk. a. Explain the term ‘information risk’ in your own words. b. Discuss three (3) causes of information risk. c. Discuss the three (3) main ways to reduce information risk. d. Differentiate between ‘assurance services’ and ‘non-assurance services,’ giving examples of each.

For each of the descriptions 1-6, match the correct word or phrase from A-H.A. Inspections of tangible assetsB. ConfirmationC. TracingD. VouchingE. InquiryF. External-internal evidenceG. Audit planH. Substantive procedures___ 1. Documentation prepared by independent parties and sent to the client.___ 2. Proceeding forward through the accounting and control system from the evidence to the financial statements.___ 3. Audit of details of transactions and balances.___ 4. Audit procedure that provides compelling evidence of existence.___ 5. Direct correspondence with independent parties.___ 6. A list of audit procedures.

Multiple Select Question Select all that apply   Identify the principles of internal control by selecting the correct answers below. (Check all that apply.) Multiple select question. Insure assets. Maintain adequate records. Match revenues with expenses in the same accounting period. Record assets at cost. Apply technological controls. Establish responsibilities. Perform regular and independent reviews. Separate recordkeeping from custody of assets.

_____ management exists to provide advice and assistance to those responsible for attaining the objectives of the organization. A. Staff B. Risk C. Functional D. Line

career auditing(auditors) two major responsibilities one needs to be in this career. please provide the link or site source.

Which of the following financial intermediaries is responsible for maintaining records a) Custodian. b) Trustee. c) Clearing Corporation. d) Transfer Agent.

A review of how an organization’s management and its operating procedures are functioning with respect to their effectiveness and efficiency in meeting stated objectives. a. External Audit b. Operational Audit c. Cash Audit d. Internal Audit