Question: List the management reports and computer files that can be
List the management reports and computer files that can be used for audit evidence. What information in them can be useful to auditors?
Answer to relevant QuestionsWhat primary functions should be separated in the acquisition and expenditure cycle?Which of the following accounts does not appear in the acquisition and expenditure cycle? a. Cash. b. Purchases returns. c. Sales returns. d. Prepaid insurance.Which of the following procedures is least likely to be performed before the balance- sheet date? a. Observation of inventory. b. Review of internal control over cash disbursements. c. Search for unrecorded liabilities. d. ...In a test of controls, auditors may trace receiving reports to vouchers recorded in the voucher register. This is a test for a. Occurrence. b. Completeness. c. Classification. d. Cutoff.This case is designed like the ones in the chapter. Your assignment is to write the “audit approach” portion of the case organized around these sections: Objective. Express the objective in terms of the facts supposedly ...
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