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# You are an auditor working at Albert and Alberta Partners….

Posted byAnonymous November 6, 2021January 12, 2024

Questions

# Yоu аre аn аuditоr wоrking at Albert and Alberta Partners. You have been assigned to audit "McQueen Lightning Corporation," also known as MLC, a prominent client in the Electric Vehicle Market. MLC has experienced high growth in the last years due to the use of new internal controls, higher sales, and capital expenditure. The new changes make auditing MLC very costly and require more hours from the auditors. Alberta (your manager partner - i.e., big boss) is asking you to develop a few routines in Python 3.x because she knows the importance of automated routines in the audit sector and how it may help lower audit costs and errors. Below, you will find a list of routines that Alberta is requesting from you. Your job is to address each routine and answer her questions. Make sure that your answer follows the closest language syntax as in Python. Be clear and respect tabulations as they will change the logic of the program and will be evaluated accordingly. *Very important, add comments to your code to support explaining more complex routines. Unclear routines will not be considered. Wrong Syntax will be evaluated on how far they are from Python 3.x format. You must call all the necessary libraries used in the code. Remember, basic accounting knowledge will also be evaluated. Suggestion: The following code has already been executed for you and should be used for your reference. Use the information provided here to answer Questions 1-9, which must be taken into consideration when writing the code.  Note:Balance Sheet is on bal_sheet_mlc dataframe.Intangible breakdown is on intangibleAssets.Inventory breakdown is on inventory_mlc.

# Yоu аre аn аuditоr wоrking at Albert and Alberta Partners. You have been assigned to audit "McQueen Lightning Corporation," also known as MLC, a prominent client in the Electric Vehicle Market. MLC has experienced high growth in the last years due to the use of new internal controls, higher sales, and capital expenditure. The new changes make auditing MLC very costly and require more hours from the auditors. Alberta (your manager partner - i.e., big boss) is asking you to develop a few routines in Python 3.x because she knows the importance of automated routines in the audit sector and how it may help lower audit costs and errors. Below, you will find a list of routines that Alberta is requesting from you. Your job is to address each routine and answer her questions. Make sure that your answer follows the closest language syntax as in Python. Be clear and respect tabulations as they will change the logic of the program and will be evaluated accordingly. *Very important, add comments to your code to support explaining more complex routines. Unclear routines will not be considered. Wrong Syntax will be evaluated on how far they are from Python 3.x format. You must call all the necessary libraries used in the code. Remember, basic accounting knowledge will also be evaluated. Suggestion: The following code has already been executed for you and should be used for your reference. Use the information provided here to answer Questions 1-9, which must be taken into consideration when writing the code.  Note:Balance Sheet is on bal_sheet_mlc dataframe.Intangible breakdown is on intangibleAssets.Inventory breakdown is on inventory_mlc.

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Tags: Accounting, Basic, qmb,

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