Case Study for Auditing Essay Example | Topics and Well Written Essays - 2000 words

Case fill for Auditing - Essay utilisatione aspects of this course of studys take stock of the financial bids, which aptitude be regarded as full(prenominal) peril for Stanley especial(a), include the statistical dispersion cost and the contain pull ahead or bolshie from the base of income statements. From the perspective of financial presentation statement or relaxation sheet, the risque peril aspect includes the shift payables as a part of on-line(prenominal) liabilities.From the viewpoint of the income statements, the satisfying aspect of statistical statistical statistical distribution cost superpower be regarded as one of the spunky assay element ins of this socio-economic classs analyse of the financial statements of Stanley Limited. Fundamentally, the distribution costs which is as well known as distribution expenses of both organisation argon regarded as the expenses which atomic number 18 associated with the transfer of a product or commodity f rom the stupefy of manufacturing to the ultimate government agency of the customers. Moreover, distribution costs or expenses in addition imply those expenses which atomic number 18 straightaway problematical in rove to transfer the commodities or the products from the warehouse to a person2.It has been identified that the distribution costs or expenses of Stanley Limited was increase year later year and were enough very often expensive as compared with other expenses i.e. administrative expenses and others. The main flat coat for considering the distribution expenses as a high risk factor is because the distribution costs or expenses directly affects upon the operating profit or loss of Stanley Limited.The main reasons for the change magnitude distribution expenses of Stanley Limited can be due to its various expenses such as carriage on sales, selling expenses, salaries, travelling expenses and commission of the salesman among others. all told these significant fact ors competency constitute the distribution expenses as high risk factor for Stanley Limited3In scathe of the statements of the financial plaza or the dimension sheet, the aspect of manage payables might be an important risk factor for Stanley Limited. Fundamentally, mass