Modules Work Coursework Example | Topics and Well Written Essays - 1500 words

Modules Work - Coursework ExampleAdditionally, I would try to confirm the none with the customer including the balance due, saki rate, date of the note, date due and also the collateral pledged (Kinney, 2011).Basing on aging analysis and attendant collection (WP 3.B) and discussion with the credit bus, an allowance of $600000 is reasonable and adequate (I examined correspondence and also discussed with the credit manager explanation of audit legend)The late recording of the vouchers and early recording of the sales seems to be intentional earning ostentatiousness devices. This include vouchers 12458 and 12459 and sales invoices 33003, 33004, 33006, 33007, and 33009.Considering Biltrites internal controls relating to shipping and receiving, unintentional errors of this type and magnitude are not likely to appear (Kimmel, 2011). Suppose the auditor does suspect legerdemain, consideration should be given to possible impenetrable of individual item materiality threshold. More so d ue to 3 million dollars check kiting and misrepresentation of the Lawton related party loan in the previous module IX.1. Lucas has satisfied some of the objectives of searching for alive(p) liabilities but not all. She has been able to determine whether additional invoices received and not un-vouchered are for charges pertaining to the year macrocosm audited. Additionally, she has determined whether the client included these charges in liabilities. This has been done by examining 2010 un-vouchered invoices and tracing 2009 charges contained therein to the clients 12/2/09 Adjustment for unrecorded invoices. However, Lucas did