Acc 546 week 4 laramie wire manufacturing assignment review case 81 laramie wire manufacturing , p233-235 compose brief answers approximately 30 to 45 words to the following required questions related to this case:. Over the past decade, laramie has built a solid reputation with the accountants who were reviewing their internal procedures who is laramie wire manufacturing understanding analytical procedures in audit planning. View notes - laramie wire manufacturing from acct 506 at university of california, berkeley 1 the objective of analytical procedures is to identify the existence of unusual transactions and events,.
Based on the figure above, laramie wire manufacturing has a slight increase of 2644% of gross profit as compare to the previous year of 2571% in year 2010 moreover, there is an increase of sales which shows the effectiveness of the sales team. Laramie wire manufacturing, a medium sized company, is planning an initial public offering of its stock in the next two to three years laramie operates in a single 500,000 square foot building complex laramie buys copper rod and plastic materials to produce insulated copper wiring the building . Case 81: laramie wire manufacturing: using analytical procedures in audit planning 1 perform analytical procedures to help you identify relatively risky areas that indicate the need for further attention during the audit, if any. View essay - laramie wire from acc 545 at university of phoenix running head: laramie wire manufacturing assignment laramie wire manufacturing assignment acc/546-auditing 1 laramie wire.
You are a senior auditor assigned to the laramie wire manufacturing audit this is the first year your firm has conducted the audit for this particular client. Case 81 laramie wire manufacturing 1 cost of sales the cost of sales increased 3 from 2007 to 2008 compared the sales increased 4 in the same period. Analytical procedure - laramie wire manufacturing the objective of analytical procedures is to identify the existence of unusual transactions and events, and amounts, ratios and trends that might indicate matters that have financial statement and audit planning ramifications. Acc 546 week 4 laramie wire manufacturing assignment review case 81 laramie wire manufacturing p233-235 compose brief answers approximately 30 to 45 words to the following required questions related to this case:. Resource: case 81: laramie wire manufacturing: using analytical procedures in audit planning from auditing cases: an interactive learning approach.
Auditing cases, 1/e frank a buckless mark s beasley, both of north carolina state university, raleigh laramie wire manufacturing: using analytical procedures . • based on the information given, laramie wire manufacturing is planning to go on an ipo next year, which increase the pressures on management to meet earning targets so, the auditor needs to spend more time on sales account to check if there is an overstatement. Third, for valuation or allocation, the auditors should make sure that laramie wire manufacturing sticks with one valuation method (for inventory items .
Read this essay on laramie wire manufacturing case 81 come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your classes and more. 81 laramie wire manufacturing the casebook contains a collection of 44 auditing cases that allow the instructor to focus . Laramie wire manufacturing using analytical procedures in audit planning mark s beasley frank a buckless steven m glover douglas f prawitt learning objectives after completing and discussing this case you should be able to  review and analyze information relating to a company’s inventory and related accounts  identify potential risks and areas requiring a greater amount of .
Auditing cases - an interactive approach - 2nd edition - solutions / answers: laramie wire manufacturing using analytical procedures in audit planning 24. 81 laramie wire manufacturing this casebook contains a collection of 49 auditing cases plus a separate learning module about. We will write a custom essay sample on laramie wire manufacturing: using analytical procedures in audit planning specifically for you for only $1638 $139/page order now. This solution answers the following 2 questions: 1 perform analytical procedures to help you identify risk areas that indicate the need for further attention during the audit, if any.