Question 1-18 by Nurjuhana Adriana https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd By Zeta en-us 2022-03-06 12:56:57 UTC 2022-03-07 03:46:49 UTC hello@padlet.com https://padlet.net/icons/png/1f9d0.png a (1) Information v85zm68ffr https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079884871
Altman is being asked to issue a report about qualitative and quantitative information for trucks

The trucks are therefore the information with which the auditor is concerned.]]> 2022-03-06 12:59:55 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079884871 a (2) Established Criteria v85zm68ffr https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079888371 There are 4 establlished criteria which must be evaluated and reported by Altman: 
i) Existence of the trucks on the night of June 30, 2016.
ii) Ownership of each truck by Regional Delivery Service.
iii) Physical condition of each truck.
iv) Fair market value of each truck.]]> 2022-03-06 13:04:50 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079888371 a (3) Accumulating and Evaluating Evidence v85zm68ffr https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079891399 Samantha Altman will accumulate and evaluate four types of evidence:
 i) Count the trucks to determine their existence.
ii) Use registration documents held by Burrow for comparison to the serial number on each truck to determine ownership.
iii) Examine the truck's to determine each truck's physical condition.
iv) Examine the blue book to determine the fair market value of each truck.]]> 2022-03-06 13:08:43 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079891399 a (4) Competent, Independent Person v85zm68ffr https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079892951 Samantha Altman, CPA, appears qualified, as a competent, independent person. She is a CPA, and she spends most of her time auditing used automobile and trucks dealerships and has extensive specialized knowledge about used trucks that is consistent with the nature of the engagement. ]]> 2022-03-06 13:10:39 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079892951 a (5) Reporting Results v85zm68ffr https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079895517 The report results are to include:
 i) Which of the 25 trucks are parked in Regional's parking lot the night of June 30.
ii) Whether all of the trucks are owned by Regional Delivery Service.
iii) The condition of each truck, using established guidelines.
iv) Fair market value of each truck using the current blue book for trucks.]]> 2022-03-06 13:13:31 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079895517 muhammadrazin456 https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079934318 b) Altman will have difficulty with the following elements of the audit:

Using the criteria of poor, good, and excellent to assess the situation. To do so is incredibly subjective. The fair market value will not be meaningful if she employs a different criterion than the "blue book."

Unless it is explicitly stated in the blue book for each situation, determining the fair market value.]]> 2022-03-06 14:06:08 UTC https://padlet.com/v85zm68ffr/6b3l2k2ys8wu3vnd/wish/2079934318