The fieldwork for the December 31, 2016 audit of Treble ...

[Facerro]

Question 1

The Sarbanes-Oxley Act includes additional communication requirements for auditors of public companies.
◦ true
◦ false

Question 2

The fieldwork for the December 31, 2016 audit of Treble Corporation ended on March 17, 2017. The financial statements and auditor's report were issued and mailed to stockholders on March 29, 2017. In each of the material situations (1 through 5) below, indicate the appropriate action (a, b, c, d, or e). The possible actions are as follows:

a.	Adjust the December 31, 2016 financial statements.

b.	Disclose the information in a footnote in the December 31, 2016 financial statements.

c.

Request the client revise and reissue the December 31, 2016 financial statements. The revision should involve an adjustment to the December 31, 2016 financial statements. d. Request the client revise and reissue the December 31, 2016 financial statements. The revision should involve the addition of a footnote, but no adjustment, to the December 31, 2016 financial statements. e. No action is required. The situations are as follows: ________ 1. On January 16, 2017 a lawsuit was filed against Treble for a patent infringement action that allegedly took place in early 2014. In the opinion of Treble's attorneys, there is a reasonable (but not probable) danger of a significant loss to Treble. ________ 2. On February 19, 2017, Treble settled a lawsuit out of court that had originated in 2015 and is currently listed as a contingent liability. ________ 3. On March 30, 2017, Treble settled a lawsuit out of court that had originated in 2014 and is currently listed as a contingent liability. ________ 4. On February 2, 2017, you discovered an uninsured lawsuit against Treble that had originated on August 30, 2013. There is a reasonable (but not probable) danger of a significant loss to Treble. ________ 5. On April 7, 2017, you discovered that a debtor of Treble went bankrupt on January 22, 2017, due to a major uninsured fire that occurred on January 2, 2017. Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition Buy Test-Bank Related Topics AnsweredPrepare a balance sheet in proper form for Brampton Cleaners for the period ended December 31, 2017. ... Accounting AnsweredStock purchased on December 15, 2015, which becomes worthless in March 2016, produces a STCL since ... Accounting AnsweredA corporation has a tax year ending December 31, 2016. When is the due date for the corporate income ... Accounting AnsweredYour CPA firm has completed the fieldwork for the 2019 audit of Sharp Corporation, a private company ... Accounting AnsweredThe fieldwork for the December 31, 2018 audit of Schmidt Corporation ended on March 17, 2019. The ... Accounting Need homework help now? Ask unlimited questions for free Ask a Question Marked as best answer by Facerro on Aug 21, 2022 my33251 Full Member Posts: 158 The fieldwork for the December 31, 2016 audit of Treble Corporation ended on March 17, 2017. The ... Reply #1 on: Aug 21, 2022 A FREE account is required to view all solutions! Click to Register Login with Facebook Login with Google Login with Email Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium. Answer Preview Only 29% of students answer this correctly Facerro Member Posts: 139 Reply 2 on: Aug 21, 2022 Wow, this really help sailorcrescent Member Posts: 334 Reply 3 on: Yesterday Excellent Print « previous next » Homework Clinic Social Science Clinic Accounting The fieldwork for the December 31, 2016 audit of Treble ...   Did you know? Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive. Did you know? About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia. Did you know? Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again. Did you know? More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease. Did you know? In 1844, Charles Goodyear obtained the first patent for a rubber condom. With a fortune of $66 billion, Bill Gates, a cofounder of Microsoft Corporation, is the second ... Mastering Biology Question Mastering Biology Question screen-shot-2017-02-01-at-10-00-12-pm.png screen-shot-2017-02-01-at-1-30-50-pm.png December 22 2023 Video: Cell mediated immune response to a viral infection Animation For a complete list of videos, visit our video library Conductive charging is normally accomplished with a fuel nozzle looking connector called the ODU.a. ... Melissa has selected a topic and completed her research. She now wants to arrange her ideas in a ... Which statement accurately describes the four types of communication contexts? Lauren takes the initiative by assuming personal responsibility for problems, so we have a hint that ... Naima is a speech and language specialist. She works with several students in a large elementary ... Bill hates to clean up after dinner. One night, he volunteers to bathe the dog before cleaning up. ... If Olivia wants to increase her fitness, she could enlist her PE instructor as a change agent. A concise statement of the substantial issue that needs to be decided in a case is known as a(n) ________. Autonomic hyperreflexia-induced bradycardia is a result of stimulation of what? Salima is a concrete operational thinker. According to Piaget and Inhelder (1958), Salima is __________. Shary is a student who is gifted in mathematics. She is eight years old and able to complete ... A coin is tossed 1000 times and 540 heads appear. At = 0.05, test the claim that this is not a biased coin. A seven-year-old child has been in the restroom a long time. A teacher calls in, "Jamal, are you ... Which situation demonstrates the use of jealousy as a tactic to achieve relational rewards? ________ is the way of life common to a group of people consisting of their values, attitudes, and beliefs. What would you review or teach a student who reads the word token as TAHKEN? a. closed syllables ... An important part of a teacher's response to an ethical dilemma is ________. According to Parson, which of the following is a long-term effect of passive victimization? An constant electric field, N/C, goes through a surface with area m2. (This surface can also be ... In one of the Video Examples, a teacher describes what her school did to integrate students with ... Restaurant websites are expensive to develop but pay off if an effective kitchen management display ... To help another person maintain __________, you respect the person's right to be autonomous. For ... Which theory claims that you develop and maintain relationships in which the ratio of rewards ... dfgadfgafsdggadf Linda is conducting a federally-funded research project that examines literacy skills in middle ... Dave and Lucy fight often. He doesn't like her to spend too much time with her friends while she ... In the following summary of a statistical report, tell what crucial information is missing and what ... Which of the following is NOT one of the factors included in Richard Florida's creativity index? Charleon is conducting a study to examine TechState employees' use of university computers for ... Won recently read the abstract of a research report of a study that investigated academic ... Which of the following attributions is most typical of poor readers? a. Success is due to luck, ... The patient was admitted with symptoms of periodic diarrhea and constipation during the previous ... "The former Prime Minister insists that, in his new job as envoy to the Middle East, he wants to ... Rayburn Industries is evaluating the investment of $140,000 in a new packing machine that should ... Talia, a single woman, had her first child when she was 36 years old. Talia's child will generally ... When Gardner describes the "highly gendered nature of public place," she means that Bonita's parents fight all the time-they always seem to be screaming and yelling at one another. ... Recording the details of a large outdoor crime scene or the relationship of multiple crime scenes ... A high school senior is seeking admission into her state's flagship university. The admission ... Which area does NOT contain a major population cluster of Southwest Asia and North Africa? Hey there, how can we help? Homework Clinic is a free homework helpline for anyone who signs-up. All posted questions are reviewed and answered by dedicated volunteers (students and teachers) from around the globe. SMF 2.0.17 | SMF © 2019, Simple Machines Homework Clinic © 2025 Privacy | Terms of Use | Contact Us | Apr 15, 2025 Search Username Password Always stay logged in Forgot your password? Login with Facebook Login with Google

[my33251]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly

[Facerro]

Wow, this really help

[sailorcrescent]

Excellent