Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

Leslie Morgan, CPA, has prepared a letter of representation for the president and controller to sign. It contains references to the following items:

1. Inventory is fairly stated at the lower of cost or market and includes no obsolete items.

2. All actual and contingent liabilities are properly included in the financial statements.

3. All subsequent events of relevance to the financial statements have been disclosed.

a. Why is it desirable to have a letter of representation from the client concerning these matters when the evidence accumulated during the course of the audit is meant to verify the same information?

b. To what extent is the letter of representation useful as audit evidence? describe.

c. List several other types of information commonly included in a letter of representation.

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M925746

Have any Question? 


Related Questions in Homework Help/Study Tips

Assignment on triple bottom line and sustainability

Assignment on triple bottom line and sustainability reporting. - Search literature (articles formally published in journals or books) to review the general concept of triple bottom lines (TBL). The review should include ...

Discussion question 1 risk management strategiesyou are the

Discussion Question 1: Risk Management Strategies You are the risk manager of a hospital. A nurse from the operating room reports that, during a surgery, the head surgeon did not conduct a "time out" to confirm the side ...

Flags have significant symbolic meaning in a culture and

Flags have significant symbolic meaning in a culture and represent important understandings of identity and worldview. Explain how flags represent cultural patterns and characteristics. Explain their influence on your pe ...

Directionsread chapter socialization in your textbookwrite

Directions: Read Chapter: Socialization in your textbook. Write at least 250 words about this topic. Post your word count at the end of your essay. Include APA formatted citations and a reference to the textbook (no outs ...

The purposes of this assignment are tobulldemonstrate

The purposes of this assignment are to: • Demonstrate proper use of current APA format in a term paper. • Demonstrate proper use of oneof the research methods studied in this course-specifically, the case study. • Reflec ...

Managing hotel guest experience tri party relationship case

Managing Hotel Guest Experience Tri Party Relationship Case Study In this assignment, you will read a brief case study, and then using what you have learned in the course, answer the questions given. The Case of the Unha ...

Assignmentfirst assignment discuss and give examples of the

Assignment First assignment: Discuss and give examples of the three musical styles and two practices of the Baroque Period. This assignment should be 250 words in length on your thoughts and opinions. Second assignment: ...

1 why are some development organizations made up of

1. Why are some development organizations made up of multiple member-nations? because development projects are always a massive undertaking because some of the problems facing the world are too large in scope to be handl ...

Assignment environmental issues and the industrial

Assignment: Environmental Issues and the Industrial Revolution The Industrial Revolution, which began in the eighteenth century, has had an ongoing influence on society as well as the relationship between humans and thei ...

Using web based research find an environmental-based

Using web based research, find an environmental-based ethical dilemma from the past five years online. (You can use a news story, an internet article, a law case, or anything from a governmental database for this assignm ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate