Refer to Exhibit and identify the nine types of audit procedures. Assume that you are planning the audit of the PageDoc Company’s inventory. PageDoc manufactures a variety of office equipment. Describe how each of the nine procedures could be used in the audit of inventory and identify the related assertion(s) the procedure is designed to test.
Answer to relevant QuestionsRefer to Exhibit 6.5 to identify the nine types of audit procedures used as part of the audit evidence-gathering process. Following is a list of audit procedures performed. For each procedure (listed as a. through p. below), ...Assume that the auditor proposes that sales be audited by examining the relationship of sales and cost of sales to that of the previous two years, as adjusted for an increase in gross domestic product. Further, the auditor ...Why would an auditor need to use an outside specialist when performing an audit? Identify specific accounts or assertions where a specialist might be needed.In August 2011, the PCAOB barred two former Ernst & Young LLP (E&Y) employees from auditing public companies, alleging they provided misleading documents to PCAOB inspectors who were evaluating the audit firm's work. One ...Locate and read the article listed below and answer the following questions.Kaplan, S., E. O’Donnell, and B. Arel. 2008. The influence of auditor experience on the persuasiveness of information provided by management. ...
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