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Title of Assignment Assignment Detail Please read The Erindale Hospital (Attached 3 JPEG files) case and complete the following table as per the instruction: Purpose Analysis of donations and audit...

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Title of Assignment
Assignment Detail
Please read The Erindale Hospital (Attached 3 JPEG files) case and complete the following table as per the instruction:
Purpose
Analysis of donations and audit implications for a not-for-profit organization
Instructions
Format should be as the Table below to be submitted.
Marking Criteria
1. Column A to C should be answered for all 4 items in the case.
2. If your answer in Column B is NO, then only Columns D and E need to be completed. 
3. If you indicate YES in column B, then only Columns F and G need to be completed.
Marks will be allocated as follows:
1. Each of the 4 items identified in the case have a total of 6 marks.  Total marks for the assignment are 24.
    
    Donation Type
(Column A)
    Can the donation be recognized in the cu
ent year f/s?
(Column B)
    If not, why not or indicated that it can be recorded and why
(Column C)
    Given that the donation has been recorded by the organization what would be the effect on the Audit report (type of report) and why
(Column D)
    Identify the type of modification of the audit report or none is required
(Column E)
    If it is appropriate that the donation be recognized, identify how it should be recorded under the Defe
al Method and Restricted Fund Method
(Column F)
    Identify 2 audit procedures that should be performed in relationship to the recognition of the donation and identify the related assertion. Where appropriate include any concerns about the type of report that can be issued
(Column G)
    1
    
    
    
    
    
    
    
    2
    
    
    
    
    
    
    
    3
    
    
    
    
    
    
    
    4
    
    
    
    
    
    
    
1 | School Name: Course Code/Name
Assignment Detail

Please rea
d

The
Erindale Hospital

(
Attached 3 JP
EG files
)
case and complete

the
following
ta
le
as per the instruction
:

Purpose

Analysis of donations and audit implications for a not
-
fo
-
profit organization

Instructions

1.

Format should be as
the
Table

elow
to be submitted
.

Marking C
iteria

1.

Column A to C should be answered for all 4 items in the case.
2.

If your answer in Column B
is
NO,

then
only
Columns

D

and

E

need to be
completed
.
3.

If you indicate

YES

in column
B,

then only
Columns

F and G

need to be completed.

Marks will be
allocated as follows:

1.

Each of the 4 items identified in the case have a total of 6 marks.
Total marks for the assignment are 24.
Assignment Detail
Please read The Erindale Hospital (Attached 3 JPEG files) case and complete the
following table as per the instruction:
Purpose
Analysis of donations and audit implications for a not-for-profit organization
Instructions
1. Format should be as the Table below to be submitted.
Marking Criteria
1. Column A to C should be answered for all 4 items in the case.
2. If your answer in Column B is NO, then only Columns D and E need to be completed.
3. If you indicate YES in column B, then only Columns F and G need to be completed.
Marks will be allocated as follows:
1. Each of the 4 items identified in the case have a total of 6 marks. Total marks for the assignment are 24.
Answered Same Day Mar 27, 2021

Solution

Preeta answered on Mar 28 2021
141 Votes
Donation Type
(Column A)
    Can the donation be recognized in the cu
ent year f/s?
(Column B)
    If not, why not or indicated that it can be recorded and why
(Column C)
    Given that the donation has been recorded by the organization what would be the effect on the Audit report (type of report) and why
(Column D)
    Identify the type of modification of the audit report or none is required
(Column E)
    If it is appropriate that the donation be recognized, identify how it should be recorded under the Defe
al Method and Restricted Fund Method
(Column F)
    Identify 2 audit procedures that should be performed in relationship to the recognition of the donation and identify the related assertion. Where appropriate include any concerns about the type of report that can be issued
(Column G)
    1
    Telethon
    Yes
    Since the event was...
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