• Airlangga University

• ACCOUNTING 420

Running Head: BILTRITE BICYCLE 1 Biltrite Bicycle Audit Case Patricia Harrington Bryant & Stratton College ACCT420 001 (Auditing) Susanna Matson October 21, 2018 BILTRITE BICYCLE 2 Directions Refer to the detailed directions in the appropriate chapters of the course textbook (Auditing: A Business Risk Approach 8 e) to complete each module. This template does not include enough detail for you to complete the modules fully and meet all of the project requirements. Excel files that accompany this case can be found in the Biltrite Bicycle Case Student Data Files Folder in ANGEL. Refer to the Portfolio Project Rubrics for detailed grading criteria. Double-click the PDF icon, for directions on how to insert objects/files into a Word document. Contents Directions....................................................................................................................................................................2 Week 2........................................................................................................................................................................3 Module I – Assessment of Inherent Risk.................................................................................................................3 Week 3........................................................................................................................................................................5 Module II – Assessment of Control Risk..................................................................................................................5 Week 5........................................................................................................................................................................6 Module III – Control Testing Sales Processing.........................................................................................................6 Module V – Accounts Receivable Aging Analysis.....................................................................................................6 Module VI – Sales and Purchases Cutoff Tests........................................................................................................8 Module VII – Search for Unrecorded Liabilities.......................................................................................................8 Week 6........................................................................................................................................................................9 Module VIII – Dallas Dollar Bank Reconciliation......................................................................................................9 Module IX – Analysis of Interbank Transfers.........................................................................................................10 Module X – Analysis of Marketable Securities......................................................................................................11 Module XI – Plant Asset Additions and Disposals..................................................................................................12 Module IV – MUS Sampling Factory Equipment Additions....................................................................................13 Module XII – Estimated Liability for Product Warranty.........................................................................................14 Module XIII – Mortgage Note Payable and Note Payable to Bank Two.................................................................15 Week 7......................................................................................................................................................................16 Module XIV – Working the Trial Balance...............................................................................................................16 Module XV – Audit Report....................................................................................................................................18 Week 7.5...................................................................................................................................................................18 Reflection..............................................................................................................................................................18 References................................................................................................................................................................19 Directions for Inserting Objects into MS Word.pdf BILTRITE BICYCLE 3 Week 2 Module I – Assessment of Inherent Risk Responses to Questions: