Strike-Off of Companies in Singapore

- The successor should review previous audits in order to whether problems exist that may impact the successor’s acceptance of the audit. Also, the successor should review previous audits in order to have confidence in the current/past figures presented on the client’s financial

An authorized officer of your S corporation should sign and date the return at the

Closed shops is an agreement in which a company agrees to hire only union members.

Elder, A. A., Beasley, M., & Elder, R. J. (2014). Auditing and assurance services (15th ed.). Upper Saddle River, NJ: Pearson.

Under audit planning, the auditor decides whether to accept a new client or continue serving an existing one. This determination is

Prospective audit is an audit performed on services that have not yet been billed, and is designed to reduce liability (Andress, 2009). It is based

Like the majority of legal business trades, the decision to employ an entity for taxes return services must entail a written arrangement between parties engaged. This paperwork includes everything of the assistance provided as well as the conditions they are given and the rates anticipated. Since this report is usually used and provided by the accountant, the business, and its consultant must proceed through and look at it carefully to avoid any problems over time. Should there be any doubtful or unclear procedures, they need to be resolved before anyone indicators the papers.

Note: Answer the questions as comprehensively as possible. Reference to Auditing Standards, your textbook, and other relevant authoritative sources is expected where appropriate. Even where some of the questions are quite general, try as much as possible to relate your answer to the case.

There will be a review of expense accounts all employees will need to submit along with the original receipts and itemize expense report. As well periodically there will be an audit review for travel and entertainment accounts.

Normally, there would be an engagement letter and a client acceptance of our accounting firm. However, in this case, there has already been a client continuance accepted between Bullseye and our firm. They already know that we will provide them with a professional and knowledgeable audit, however, they need to know that since there will be a new team leading this audit, that we will perform our duties to the best of our abilities.

The purpose of this assignment is to select a step in the accounting cycle that is not currently automated at one of our team members ' organization. The place of business we have selected is an independent financial brokerage firm, LPL Financial. The firm places a strong emphasis on the recruiting of established financial advisors throughout the country. When a financial advisor joins LPL Financial, so does their clients. One of our team member 's works in the transfer department. The transfer department handles the transferring of accounts held at other financial institutions into LPL Financial. The transfer department handles various types of securities including stock, mutual funds, bonds, retirement accounts, and cash. The

List the activities that must be carried out to complete each phase in the audit process

A seven-year retention period for audits work papers, second partner review and approval, evaluation of whether internal control structure and procedures include records that accurately reflect transactions and dispositions of

Vouching - The A/P Assistant and General Accountant have the access to vouch invoices for

At the end of the liquidation, when a trustee or liquidator has released and distributed all the assets, they will arrange a final meeting of creditors. They will send notice of this meeting to all creditors they are aware of, as stipulated in Section 100(2) of the Insolvency Act. At this meeting, the trustee or liquidator will report on what they did during the bankruptcy or liquidation and will give creditors a summary of their receipts and payments. After the