When auditing accounts payable using classical variables sampling, Sue finds evidence indicating that the account may be materially misstated. What are Sue's options?
What will be an ideal response?
Sue can (1) increase the sample size, (2) perform additional substantive procedures, (3) require adjustment of the account by the auditee, or (4) issue a qualified or adverse opinion if management refuses to adjust the account.
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Skyway Company, a U.S. airplane manufacturer, reported a balance of $8,100 million in Inventory at the beginning of 2013 and $9,600 million at the end of 2013 . Its income statement reported Cost of Products Sold of $45,400 million for 2013 . Compute the cost of inventory either purchased or manufactured during 2013 . (Skyway Company applies U.S. GAAP, and reports its results in millions of U.S
dollars.) a. $49,500 million b. $39,900 million c. $46,900 million d. $39,900 million e. none of the above
Which of the following is an illegal sales technique?
A) atmospherics B) a party plan system C) a multilevel network D) a pyramid scheme E) off-price retailing
The influence of organizational culture on change efforts is stronger than the influence of national culture.
Answer the following statement true (T) or false (F)
Sales promotional material must never be included in a bad-news message
Indicate whether the statement is true or false