Audit risks for just for feet

audit risks for just for feet Given these data, comment on what you believe were the high-risk financial statement items for the 1998 just for feet audit 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses.

2) management integrity must be examined 4 prepare a comprehensive list, in a bullet format, of the audit risk factors present for the 1998 just for feet audit identify the five audit risk factors that you believe were most critical to the successful completion of that audit rank these risk factors from the lease to most important, and be prepared to defend your rankings. The order finds that deloitte formerly served as the auditing firm for just for feet and assigned barry and baker to serve as the engagement partner and audit manager, respectively, for its audit of the company's 1998 financial statements. Just for feet case just for feet 1) high risk financial statement items for just for feet are the outrageous increase in debt from 1998 to 1999 the disappearance in property and equipment from 1998 to 1999 also the large decrease in inventory from 1997 to 1998 would need to be looked into. In planning for the audit of just for feet’s fiscal 1998 financial statements, the respondents appropriately identified risks presented by the audit and planned the conduct of the audit to address them. Unformatted text preview: risk factors present for the 1998 just for feet audit identify the 5 audit risk factors that you believe were the most critical to the successful completion of that audit identify the 5 audit risk factors that you believe were the most critical to the successful completion of that audit.

Prepare a comprehensive list, in a bullet format, of the audit risk factors present for the 1998 just for feet audit identify the five audit risk factors that you believe were most critical to the successful completion of that audit rank these risk factors from the least to most important, and be prepared to defend your rankings. How should these risks affect the audit planning decisions for such a client 4) prepare a comprehensive list, in a bullet format, of the audit risk factors present for the 1998 just for feet audit identify the 5 audit risk factors that you believe were the most critical to the successful completion of that audit.

As such, it is important that management understand risks associated with the systems, potential weaknesses, given these data, comment on what you believe were the high risk financial statement item for the 1998 just for feet audit just for feet,. Five most critical risks for the 1998 just for feet audit: • “tone at the top” – detected but didn’t respond accordingly • accounting method related risks (presentation) – detected but didn’t respond accordingly.

Prepare a comprehensive list, in a bullet format, of the audit risk factors present for the 1998 just for feet audit identify the five audit risk factors that you believe were most critical to the successful completion of that audit. Case study on the 1998 audit of failed retail chain just for feet, inc slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising if you continue browsing the site, you agree to the use of cookies on this website. Just for feet, inc responds to news releases and elaborates on specialty storedifficulties retrieved 11 july 2011 from pr newswire wwwprnewswirecom15 just for feet, inc (1999) form s-8 registration statement under the securities act of 1933.

Case study on the 1998 audit of failed retail chain just for feet, inc national review partner• as a high-risk audit the workpapers were supposed to be reviewed by the national office prior to report issuance8• intended to provide reasonable assurance that 9 the audit conformed with gaas (au 16102) however,• there was no. 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses how should these risks affect the audit planning decisions for such a client. Paper 1: risk-based audit approach risk-based audit is an approach that is related to the concepts of audit risks and materiality audit risk is the likelihood that the financial statements are materially misstated after the auditor has determined that the financial statements are free of material misstatements materiality is a concept relating to the significance of an amount, transaction, or discrepancy. The text cites a number of issues that may have been audit risk factors for just for feet in its 1998 audit: • management style and approach to managing investor expectations: o management was particularly interested in its short-term share price as a measure of its “success” or failure.

Audit risks for just for feet

audit risks for just for feet Given these data, comment on what you believe were the high-risk financial statement items for the 1998 just for feet audit 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses.

Just for feet operated large, high-volume retail stores identify internal control risks common to such a business how should these risks affect the audit planning decisions for such a client one of the risks that a large retail store like just for feet inc could find in internal controls is in the area of inventory control. 4) prepare a comprehensive list, in a bullet format, of the audit risk factors present for the 1998 just for feet audit identify the 5 audit risk factors that you believe were the most critical to the successful completion of that audit. The sec notes that deloitte was paid $361,000 for its audit of now-defunct just for feet's 1998 financial statements particularly when the company is identified as having a high risk of. Just for feet, inc just for feet, inc operates retail stores in the brand name athletic and outdoor footwear and apparel market just for feet was found in 1977 with the opening of a small mall based store and opened its first super store in 1988.

  • Identified just for feet a greater than normal level of audit risk failed to follow-up when not provided supporting documentation for the vendor allowances did not test to see if receivables were paid.
  • Just for feet 8 being purchased per the sec, the co-op credit actually reduced advertising expense, which in turn increased net income (sec, 2005) this is the end of the preview.
audit risks for just for feet Given these data, comment on what you believe were the high-risk financial statement items for the 1998 just for feet audit 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses. audit risks for just for feet Given these data, comment on what you believe were the high-risk financial statement items for the 1998 just for feet audit 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses. audit risks for just for feet Given these data, comment on what you believe were the high-risk financial statement items for the 1998 just for feet audit 2) just for feet operated large, high-volume retail stores identify internal control risks common to such businesses.
Audit risks for just for feet
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