Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 May 2018 My Price 7.00

Humboldt Co

Humboldt Co., a medium-sized business involved in manufacturing headphones and speakers. Humboldt is publicly owned, and its three shareholders have requested that the annual financial statements be audited for the first time this year. One of the shareholders manages the business; the other two are not involved. You are reviewing Humboldt's preliminary general ledger trial balance, shown below, to begin the audit planning.

 

 

 

 

 

 

 

 

 

 

 

REQUIRED

a. When planning this audit, explain why it is important for Humboldt's auditor to understand its business, its environment, and its risks. 


 

b. Determine an appropriate materiality level for preliminary audit planning purposes. Explain your reasons for selecting this materiality level. 


Answers

Maurice Tutor
(5)
Status NEW Posted 29 May 2018 06:05 PM My Price 7.00

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