This question is like a case study that needs to be discussed Discussion Details Perform the...
SHUTTLE cal Issue 25-1 Mary Tanis Portland, Ond auditors abo sourcino all processing responsibility requires 1.5 spends ha Tan is the controller for Duck Associates, a property management company in and, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external ors about payroll accounting. This year, the auditors suggest that Tan consider urcing Duck Associates' payroll accounting to a company specializing in pay- ocessing services. This would allow Tan and her staff to focus on their...
Please answer question 1,2,3 in details and explanation CASE 4 HELPING HAND ACCOUNTING FUNDAMENTALS "I got real lucky when I was fired," William Pendleton was fond of telling his employees and business associates. Pendleton was an insurance salesman in Illinois nea hobby, he loved to tinker around the house and he developed a local reputation as a person who knew how to "fix things." Pendleton decided to capitalize on this reputation and opened a hardware store, Helping Hand, based on...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...