Description College of Administration and Finance Sciences Assignment (2) Deadline: Saturday 12/11/2022 @ 23:59 Course Name:

Description\n \n\n\n\n\n\n\n\n\n\nCollege of Administration and Finance Sciences\nAssignment (2)\nDeadline: Saturday 12/11/2022 @ 23:59\nCourse Name: Auditing Principles and\nStudent’s Name:\nProcedures\nCourse Code: ACCT401\nStudent’s ID Number:\nSemester: First semester\nCRN:\nAcademic Year: 1443 H\nFor Instructor’s Use only\nInstructor’s Name: Rabab farrash\nStudents’ Grade:\n/15\nLevel of Marks: High/Middle/Low\nInstructions – PLEASE READ THEM CAREFULLY\n• The Assignment must be submitted on Blackboard (WORD format only) via allocated\nfolder.\n• Assignments submitted through email will not be accepted.\n• Students are advised to make their work clear and well presented, marks may be\nreduced for poor presentation. This includes filling your information on the cover\npage.\n• Students must mention question number clearly in their answer.\n• Late submission will NOT be accepted.\n• Avoid plagiarism, the work should be in your own words, copying from students or\nother resources without proper referencing will result in ZERO marks. No exceptions.\n• All answers must be typed using Times New Roman (size 12, double-spaced) font.\nNo pictures containing text will be accepted and will be considered plagiarism.\n• Submissions without this cover page will NOT be accepted.\nCollege of Administration and Finance Sciences\nAssignment Question(s):\n(Marks 15)\nIMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides,\nfellow students, or internet sources without proper citation.\nQ1 When an auditor sets control risk low, sufficient evidence can be obtained for most\npayroll accounts through an understanding of internal controls, substantive analytical\nprocedures, and tests of details of transactions. However, there are several accounts in\nthe payroll cycle that may require more attention.\nRequired: Name these accounts and explain why additional testing is necessary.\n(2 Marks).\nQ2. For each of the following tests, identify the assertion to which the test applies. (3\nMarks; 0.5 each)\n1) Trace a sample of payroll checks to the master employee list to verify occurrence.\n2) Recalculate the mathematical accuracy of a sample of payroll checks.\n3) Test a sample of bank reconciliations for the payroll bank account.\n4) Estimate sales commissions by applying commission formulas to recorded sales\ntotals.\n5) Compare amounts accrued to supporting documentation, such as payroll tax returns.\n6) Compare payroll costs as a percentage of sales to industry data.\nCollege of Administration and Finance Sciences\nQ3. You are auditing AMRT company, and the end of the accounting period is\nDecember 31st. On December 23rd, the employee responsible for processing reports\nand recording the receipt of inventory became very ill and was out of the office for a\nweek. Due to the companys small staff and the holiday season, a number of the\nreceiving reports were not processed on a timely basis. As an auditor, which assertions\nwould you place of high importance for this entity, and how would you test for\nthem? (3 Marks).\nQ4. Describe the inherent risk factors that can affect the audit of property, plant, and\nequipment. (2 Marks).\nQ5. Gerrard Smith, senior-in-charge, is auditing Mndooz, Inc.s long-term debt for the\nyear ended December 31. Long-term debt is composed of two bond issues, which are\ndue in 10 and 15 years, respectively. The debt is held by two insurance companies.\nGerrard has examined the bond agreements for each issue. The agreements provide\nCollege of Administration and Finance Sciences\nthat if Mndooz fails to comply with the covenants of the contract, the debt becomes\npayable immediately. Gerrard identified the following covenants when reviewing the\nbond agreements:\nThe debtor company shall endeavor to maintain a working capital ratio of 2 to 1 at all\ntimes, and in any fiscal year following a failure to maintain the said ratio, the company\nshall restrict compensation of officers to a total of $650,000. Officers include the\nchairperson of the board and the president.\nThe debtor company shall keep all property that is security for these debt agreements\ninsured against loss by fire to the extent of 100 percent of its actual value. Policies of\ninsurance comprising this protection shall be filed with the trustee.\nThe company is required to restrict 40 percent of retained earnings from availability\nfor paying dividends.\nA sinking fund shall be established with the First Bank, and semiannual payments of\n$500,000 shall be deposited in the fund. The bank may, at its discretion, purchase\nbonds from either issue.\nRequired: (5 Marks)\na. Provide any audit steps that Gerrard should conduct to determine whether the\ncompany complies with the bond indentures or not.\nb. List any reporting requirements that the company’s financial statements or footnotes\nshould include.\n\nPurchase answer to see full\nattachment

Popular Research Topics in Healthcare

Healthcare is a vast and constantly evolving field, with a wide range of research topics. Some of the most popular research topics in healthcare include:

Chronic diseases: such as diabetes, heart disease, and cancer. Researchers are looking for ways to prevent, diagnose, and treat these conditions.

Mental health: including depression, anxiety, and substance abuse. Researchers are looking for ways to improve treatment and prevent these conditions.

Aging and geriatrics: as the population continues to age, researchers are studying ways to improve the health and well-being of older adults.

Telemedicine: the use of technology, such as teleconferencing, to provide healthcare services remotely.

Personalized medicine: using genetic and other health data to tailor treatments to individual patients.

Infectious diseases: including the study of new and emerging infections, as well as finding ways to prevent and treat existing infections.

Health equity: examining the ways in which social and economic factors contribute to health disparities, and finding ways to improve access to care for all populations.

These are just a few of the many popular research topics in healthcare. As healthcare continues to evolve and change, new research topics will emerge and current topics will become more complex and multifaceted.

$Description\n \n\n\n\n\n\n\n\n\n\nCollege of Administration and Finance Sciences\nAssignment (2)\nDeadline: Saturday 12/11/2022 @ 23:59\nCourse Name: Auditing Principles and\nStudent’s Name:\nProcedures\nCourse Code: ACCT401\nStudent’s ID Number:\nSemester: First semester\nCRN:\nAcademic Year: 1443 H\nFor Instructor’s Use only\nInstructor’s Name: Rabab farrash\nStudents’ Grade:\n/15\nLevel of Marks: High/Middle/Low\nInstructions – PLEASE READ THEM CAREFULLY\n• The Assignment must be submitted on Blackboard (WORD format only) via allocated\nfolder.\n• Assignments submitted through email will not be accepted.\n• Students are advised to make their work clear and well presented, marks may be\nreduced for poor presentation. This includes filling your information on the cover\npage.\n• Students must mention question number clearly in their answer.\n• Late submission will NOT be accepted.\n• Avoid plagiarism, the work should be in your own words, copying from students or\nother resources without proper referencing will result in ZERO marks. No exceptions.\n• All answers must be typed using Times New Roman (size 12, double-spaced) font.\nNo pictures containing text will be accepted and will be considered plagiarism.\n• Submissions without this cover page will NOT be accepted.\nCollege of Administration and Finance Sciences\nAssignment Question(s):\n(Marks 15)\nIMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides,\nfellow students, or internet sources without proper citation.\nQ1 When an auditor sets control risk low, sufficient evidence can be obtained for most\npayroll accounts through an understanding of internal controls, substantive analytical\nprocedures, and tests of details of transactions. However, there are several accounts in\nthe payroll cycle that may require more attention.\nRequired: Name these accounts and explain why additional testing is necessary.\n(2 Marks).\nQ2. For each of the following tests, identify the assertion to which the test applies. (3\nMarks; 0.5 each)\n1) Trace a sample of payroll checks to the master employee list to verify occurrence.\n2) Recalculate the mathematical accuracy of a sample of payroll checks.\n3) Test a sample of bank reconciliations for the payroll bank account.\n4) Estimate sales commissions by applying commission formulas to recorded sales\ntotals.\n5) Compare amounts accrued to supporting documentation, such as payroll tax returns.\n6) Compare payroll costs as a percentage of sales to industry data.\nCollege of Administration and Finance Sciences\nQ3. You are auditing AMRT company, and the end of the accounting period is\nDecember 31st. On December 23rd, the employee responsible for processing reports\nand recording the receipt of inventory became very ill and was out of the office for a\nweek. Due to the companys small staff and the holiday season, a number of the\nreceiving reports were not processed on a timely basis. As an auditor, which assertions\nwould you place of high importance for this entity, and how would you test for\nthem? (3 Marks).\nQ4. Describe the inherent risk factors that can affect the audit of property, plant, and\nequipment. (2 Marks).\nQ5. Gerrard Smith, senior-in-charge, is auditing Mndooz, Inc.s long-term debt for the\nyear ended December 31. Long-term debt is composed of two bond issues, which are\ndue in 10 and 15 years, respectively. The debt is held by two insurance companies.\nGerrard has examined the bond agreements for each issue. The agreements provide\nCollege of Administration and Finance Sciences\nthat if Mndooz fails to comply with the covenants of the contract, the debt becomes\npayable immediately. Gerrard identified the following covenants when reviewing the\nbond agreements:\nThe debtor company shall endeavor to maintain a working capital ratio of 2 to 1 at all\ntimes, and in any fiscal year following a failure to maintain the said ratio, the company\nshall restrict compensation of officers to a total of $650,000. Officers include the\nchairperson of the board and the president.\nThe debtor company shall keep all property that is security for these debt agreements\ninsured against loss by fire to the extent of 100 percent of its actual value. Policies of\ninsurance comprising this protection shall be filed with the trustee.\nThe company is required to restrict 40 percent of retained earnings from availability\nfor paying dividends.\nA sinking fund shall be established with the First Bank, and semiannual payments of\n$500,000 shall be deposited in the fund. The bank may, at its discretion, purchase\nbonds from either issue.\nRequired: (5 Marks)\na. Provide any audit steps that Gerrard should conduct to determine whether the\ncompany complies with the bond indentures or not.\nb. List any reporting requirements that the company’s financial statements or footnotes\nshould include.\n\nPurchase answer to see full\nattachment Popular Research Topics in Healthcare Healthcare is a vast and constantly evolving field, with a wide range of research topics. Some of the most popular research topics in healthcare include: Chronic diseases: such as diabetes, heart disease, and cancer. Researchers are looking for ways to prevent, diagnose, and treat these conditions. Mental health: including depression, anxiety, and substance abuse. Researchers are looking for ways to improve treatment and prevent these conditions. Aging and geriatrics: as the population continues to age, researchers are studying ways to improve the health and well-being of older adults. Telemedicine: the use of technology, such as teleconferencing, to provide healthcare services remotely. Personalized medicine: using genetic and other health data to tailor treatments to individual patients. Infectious diseases: including the study of new and emerging infections, as well as finding ways to prevent and treat existing infections. Health equity: examining the ways in which social and economic factors contribute to health disparities, and finding ways to improve access to care for all populations. These are just a few of the many popular research topics in healthcare. As healthcare continues to evolve and change, new research topics will emerge and current topics will become more complex and multifaceted.$

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Description College of Administration and Finance SciencesAssignment (2)Deadline: Saturday 12/11/2022 @ 23:59Course Name: Auditing Principles andStudent’s Name:ProceduresCourse Code: ACCT401Student’s ID Number:Semester: First semesterCRN:Academic Year: 1443 HFor Instructor’s Use onlyInstructor’s Name: Rabab farrashStudents’ Grade:/15Level of Marks: High/Middle/LowInstructions – PLEASE READ THEM CAREFULLY• The Assignment must be submitted on Blackboard (WORD format only) via allocatedfolder.• Assignments submitted through email will not be accepted.• Students are advised to make their work clear and well presented, marks may bereduced for poor presentation. This includes filling your information on the coverpage.• Students must mention question number clearly in their answer.• Late submission will NOT be accepted.• Avoid plagiarism, the work should be in your own words, copying from students orother resources without proper referencing will result in ZERO marks. No exceptions.• All answers must be typed using Times New Roman (size 12, double-spaced) font.No pictures containing text will be accepted and will be considered plagiarism.• Submissions without this cover page will NOT be accepted.College of Administration and Finance SciencesAssignment Question(s):(Marks 15)IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides,fellow students, or internet sources without proper citation.Q1 When an auditor sets control risk low, sufficient evidence can be obtained for mostpayroll accounts through an understanding of internal controls, substantive analyticalprocedures, and tests of details of transactions. However, there are several accounts inthe payroll cycle that may require more attention.Required: Name these accounts and explain why additional testing is necessary.(2 Marks).Q2. For each of the following tests, identify the assertion to which the test applies. (3Marks; 0.5 each)1) Trace a sample of payroll checks to the master employee list to verify occurrence.2) Recalculate the mathematical accuracy of a sample of payroll checks.3) Test a sample of bank reconciliations for the payroll bank account.4) Estimate sales commissions by applying commission formulas to recorded salestotals.5) Compare amounts accrued to supporting documentation, such as payroll tax returns.6) Compare payroll costs as a percentage of sales to industry data.College of Administration and Finance SciencesQ3. You are auditing AMRT company, and the end of the accounting period isDecember 31st. On December 23rd, the employee responsible for processing reportsand recording the receipt of inventory became very ill and was out of the office for aweek. Due to the companys small staff and the holiday season, a number of thereceiving reports were not processed on a timely basis. As an auditor, which assertionswould you place of high importance for this entity, and how would you test forthem? (3 Marks).Q4. Describe the inherent risk factors that can affect the audit of property, plant, andequipment. (2 Marks).Q5. Gerrard Smith, senior-in-charge, is auditing Mndooz, Inc.s long-term debt for theyear ended December 31. Long-term debt is composed of two bond issues, which aredue in 10 and 15 years, respectively. The debt is held by two insurance companies.Gerrard has examined the bond agreements for each issue. The agreements provideCollege of Administration and Finance Sciencesthat if Mndooz fails to comply with the covenants of the contract, the debt becomespayable immediately. Gerrard identified the following covenants when reviewing thebond agreements:The debtor company shall endeavor to maintain a working capital ratio of 2 to 1 at alltimes, and in any fiscal year following a failure to maintain the said ratio, the companyshall restrict compensation of officers to a total of $650,000. Officers include thechairperson of the board and the president.The debtor company shall keep all property that is security for these debt agreementsinsured against loss by fire to the extent of 100 percent of its actual value. Policies ofinsurance comprising this protection shall be filed with the trustee.The company is required to restrict 40 percent of retained earnings from availabilityfor paying dividends.A sinking fund shall be established with the First Bank, and semiannual payments of$500,000 shall be deposited in the fund. The bank may, at its discretion, purchasebonds from either issue.Required: (5 Marks)a. Provide any audit steps that Gerrard should conduct to determine whether thecompany complies with the bond indentures or not.b. List any reporting requirements that the company’s financial statements or footnotesshould include.Purchase answer to see fullattachment
Popular Research Topics in Healthcare
Healthcare is a vast and constantly evolving field, with a wide range of research topics. Some of the most popular research topics in healthcare include:
Chronic diseases: such as diabetes, heart disease, and cancer. Researchers are looking for ways to prevent, diagnose, and treat these conditions.
Mental health: including depression, anxiety, and substance abuse. Researchers are looking for ways to improve treatment and prevent these conditions.
Aging and geriatrics: as the population continues to age, researchers are studying ways to improve the health and well-being of older adults.
Telemedicine: the use of technology, such as teleconferencing, to provide healthcare services remotely.
Personalized medicine: using genetic and other health data to tailor treatments to individual patients.
Infectious diseases: including the study of new and emerging infections, as well as finding ways to prevent and treat existing infections.
Health equity: examining the ways in which social and economic factors contribute to health disparities, and finding ways to improve access to care for all populations.
These are just a few of the many popular research topics in healthcare. As healthcare continues to evolve and change, new research topics will emerge and current topics will become more complex and multifaceted.

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