This is an incurred expense that has not been paid yet.
What is an accrued expense?
100
This helps the auditors determine the nature, timing, and extent of auditing procedures and usually occurs at an interim date.
What is planning?
100
This is the form that "S" Corporations use to file their tax returns.
What is an 1120S?
100
This is our affiliated company that performs administrative and record keeping services for employee benefit plans.
What is Alliance?
100
This was the top grossing movie in 2007.
What is Pirates of the Caribbean: Dead Man's Chest?
200
This term refers to the expensing of an item over the period of service such as a prepaid expense.
What is amortization?
200
This refers to the inspection of documentary evidence supporting and substantiating a transaction. In other words, you are verifying a transaction recorded in the general ledger by looking at source documents.
What is vouching?
200
This is the deadline for corporate returns.
What is March 15th?
200
This is the affiliated company that provides technology services.
What is BT Partners?
200
Name two of the top five songs from the Top 100 list of 2003.
What are 'In da Club' (50 Cent), 'Ignition' (R. Kelly), 'Get Busy' (Sean Paul), 'Crazy in Love' (Beyonce feat. Jay-Z), 'When I'm Gone' (3 Doors Down).
300
This is a common result in the acquisition of a Company. This should not be amortized. Instead, evaluate for impairment.
What is goodwill?
300
This is a completeness test. Going from source document to the GL.
What is tracing?
300
This is the deadline for extended partnership returns.
What is October 15th?
300
She is now head of the tax department?
Who is Daphne?
300
This man was People Magazine's Sexist Man Alive in 1992.
Who is Nick Nolte?
400
Inventory should be recorded at this in order to be in accordance with GAAP.
What is lower of cost or market?
400
This procedure is no longer acceptable as the whole population needs to be subject to testing.
What is high value scoping (percent coverage testing)?
400
Don't forget to make estimated tax payments equal to this percentage of your prior year taxes in order to ensure that you do not incur a penalty.
What is 100%?
400
Daily Double - These are the names of all seniors and supervisors.
Who is Alysia, Marie, Jack, Nick, Jim, Todd, Fay, Suzanne, Sarah C., Sarah M., Mary, Neil, Dana, Natalyia, Steve, Eleanor, Izzy, David, Brandon, Tim, Stefan, Matt, Andrea, Max,
400
What is Irma's fiance's name?
Who is Anthony?
500
Daily Double - When a company has a profit in the current year, and a loss in the prior year, what is the name of the P & L statement?
What is the Statement of Operations?
500
This procedure is covered in SAS 99 along with fraud inquiries.
What is Journal Entry Testing?
500
If you are a corporation and you have assets in excess of $10 million, your tax return better have this schedule included.
What is M-3?
500
These are the names of the people within MCC's audit department who are currently engaged.