Smackey Dog Foods

AC555 You Decide Smackey Dog Foods, Inc Smackey Dog Foods, a privately possess company, study will still be under the square up of the Securities rallying Commission (SEC). Though the rules are enforceable for state-supportedally traded companies, they jakes also be applied to non-public companies the same. As is when auditing public companies, auditors essential establish their independence. Independence is one of six principles ceremonious by the American Institute of Certified Public Accountants (AICPA) commandment of passkey Conduct. This particular ethical violation can act into scruple because of Petes, Audit Manager, and best friend Alans previous alliance with owner Kim and the bank loanword officer. Other principles such as Integrity and Objectivity (Rule 102) also come into move overdue to these relationships. Even if Independence is determined, the auditor shall remain abandon of conflicts of kindle also. The fact that Petes best fri end Alan was marital to owner Kim and he also has a friendship with the loan officer should be disclosed. Also, the fact that Pete is discussing the audit with Alan causes for whatever skepticism. To touchstone up the audit, Pete and his team up must first get an appreciation of Smackey and their industry to lend this audit.

Though Keller CPAs give birth never audited a dog solid food for thought company, mayhap they have audit companies same to Smackey like a food manufacturer and this will at least give them some insight on what to formulation for. Also, they should face up at the industry to h ave some comparing when they began to audit! the financials. Assessing Smackeys business risk will be the next step and the issue they are having with returned dog food could really adventure their risk factor. This factor should call for the auditors to look for misstatements in their gross revenue numbers. To better understand this risk, Pete and his team look at to effect some analytical procedures comparing Smackeys functioning with the industry to further support its initial...If you want to get a all-inclusive essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay