Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
eFishie eFishie
wrote...
Go to Answer
Posts: 689
Rep: 0 0
6 years ago
Simon owns a clothing store, Simonello. Simonello recently purchased a material amount fabrics from Simonique Inc., a textile company also owned by Simon. With regards to this transaction, the auditors should
A) request a confirmation from Simonique that the transaction took place.
B) inspect the textile received in the warehouse to ensure that the amount sent equals the amount ordered.
C) qualify the audit report as this puts into question management's integrity.
D) verify that the business relationship is disclosed in the financial statements.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
Read 69 times
1 Reply
Replies
Answer verified by a subject expert
charleshardtcharleshardt
wrote...
#1
Posts: 448
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

eFishie Author
wrote...

6 years ago
Brilliant ツ
jmendoza
wrote...

Yesterday
Thanks
noodlelicker
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1027 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2669
  
 241
  
 576
Your Opinion
Do you believe in global warming?
Votes: 395
Previous poll results: Where do you get your textbooks?