For each of the audit procedures included in the table below and on the next page: State
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Question:
For each of the audit procedures included in the table below and on the next page:
- State the relevant audit assertion(s)(specific audit objective being met) (1 mark for each correct assertion)
- State the type of audit evidence being used (1 mark)
- State the quality of evidence and explanation (1 mark)
1. Compare this year's expenses with last year's expenses .
2. Perform an inventory count test by selecting a sample of items from the floor and agree to the inventory records.
3.Ask the controller how they arrive at the provision for doubtful accounts
4.Selecting a sample of sales transactions from the sales journal and obtain and review a sample of supporting documents such as the sale and purchase agreement.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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