BU537 Lecture Notes - Lecture 1: Control Risks, Accrual
Document Summary
Case notes: the bia membership agreement fee, all items before september 30, 2014, [note 1] the 1,015 will be added to total amount collected to sales to buyers. In-class discussion: to: jane young owner, from: cpa, re: bia pmt/audit/website, time-line can we provide services with the time constraint. Bia payment: comment on how reasonable is the payment, salary, electricity, the bia membership agreement fee, all items before september 30, 2014, [note 1] the 1,015 will be added to total amount collected to sales to buyers. This is now your money since it is past 21 days: [note 2] the annual insurance premium was incorrectly stated, and it should be of 1830 because that is how much that has been used. Audit: looking at the accounting issues and adjust the bia payment, offered control recommendations. Independence: this will be done before the audit plan. Audit plan: general risks inherent, what, why, factors that increase risk:
