Audit manager
Not what you're looking for?
As audit manager you realize that to complete the audit of xyz company you will need to bring in two more auditors and another audit supervisor March 15th 2010. However the cost of the additional auditors will cause the audit manager to increase the cost of Audit of XYZ company by $45,000. Without the additional auditors the audit can be completed by the First of April 2010. The audit covers the year Jan 1 2009 to Dec. 31, 2009. As audit manager what would you do and why?
Purchase this Solution
Solution Summary
This solution provides an explanation of an audit manager's decision in determining whether to hire additional auditors on a project.
Solution Preview
Hello. I provide the following to assist you.
As an audit manager, I would first consider whether or not the audit must be done by March 15, 2010. If it is for tax purposes, most companies can file their taxes later than the normal deadline of April 15, 2010. Therefore, unless absolutely necessary for this reason, the audit could still be done by April 1, 2010.
Second, you would have to consider how much you charged XYZ for the current year services, if it was at a discounted rate, a rate that ...
Purchase this Solution
Free BrainMass Quizzes
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media