Describe a walk-through. How does the auditor use this auditing technique?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
In performing a walkthrough the auditor follows a transaction from its origination thr...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Auditing and Assurance Services An Applied Approach
ISBN: 978-0073404004
1st edition
Authors: Iris Stuart
Question Posted:
Students also viewed these Auditing questions
-
Describe managements assertions. How does the auditor use these assertions in the evidence process?
-
How does the auditor determine whether marketable securities are properly classified as short-term securities or long-term investments? What are the accounting implications of the classification as...
-
How does the auditor read and evaluate information that is available only in machine-readable form?
-
Give the domain of each rational function using (a) Set-builder notation (b) Interval notation f(x) 2x - 3x + 4 3x + 8 -8
-
How many IEs does a Be atom have? Write the chemical reactions for the successive ionizations.
-
The records of Felix Company show the following at December 31, 2014: Requirements 1. Compute the missing amount for Felix Company. You will need to determine Retained Earnings, December 31, 2014,...
-
With reference to Exercise 4.87, find the mean and the variance of the distribution of the number of microelectrodes made from glass tubing using (a) the probabilities obtained in that exercise; (b)...
-
A 5-month-old female, presents to the emergency department (ED) with respiratory distress, hypoxia, and fever. Her parents state that she has had mild cold symptoms for a few days. She has fed poorly...
-
How many times will each account on the trial balance be used within the financial statements?
-
Fernando Chavez owns the FC Barber Shop, which is a one-man shop (owned by Fernando and he is the only employee). with the following information for FC Barber Shop's August operations, please...
-
What are significant accounts and disclosures? How do management and the auditor identify them?
-
Explain how the auditor tests internal controls over financial reporting.
-
Multiple Choice Questions 1. The ability to pay principle states: a. Those with the greatest ability to pay taxes should pay more. b. Those with the least ability to pay taxes should pay more. c....
-
Kamal Corporation is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isnt equipped to do. Estimates...
-
Pick an organization, such as a local travel agency or supermarket. Describe its organizational domain, then draw a map of the forces in its general and specific environments that affect the way it...
-
Develop a fault tree for events that could lead to release of benzene to the atmosphere for the distillation section designed in problem 9.5. Data from problem 9.5 A distillation column separates...
-
Choose a small organization in your city, such as a restaurant or school, and draw a chart showing its structure. Do you think the number of levels in its hierarchy and the span of control at each...
-
GDM Equipment, Inc. reported the following data for 2016: Compute GDMs net cash provided by operating activitiesindirect method. Income Statement: Net Income Depreciation Expense Balance Sheet:...
-
Suppose that labor market experience is the only characteristic that influences wages. Suppose also that males and females have different levels of experience and have different "wage functions"...
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
To work an order-of-magnitude problem, you need the value of the mass density of water, but you don't know what that value is. Design either a translation strategy or a division strategy for making...
-
Explain why an auditor compares the date of deposit according to the books to the date of disbursement according to the books on an interbank transfer schedule to detect kiting.
-
Briefly explain why accounting standards related to fair value estimates make the audit of financial instruments more complex.
-
How would an auditor test the realizable value audit objective for a financial instrument classified as a level 3 fair value estimate?
-
1 Mandatory requirement: Students are required to complete Budget on the provided Excel 2 3 4 5 5 B spreadsheet template. (For the purpose of Budget calculation in the assessment, ignore all GST...
-
A company has Rs 4 per year carrying cost on each unit of inventory, an annual usage of 50,000 units and an ordering cost of Rs 100 per order. Calculate the economic order quantity. What shall be the...
-
The company decided to make some changes to its operations based on the actual results and the variance analysis. The plan is to maintain the selling price of the product at RM100 per unit and the...
Study smarter with the SolutionInn App