What is test checking? In what circumstances test checking is advisable? What factors are to be considered

Question:

What is test checking? In what circumstances test checking is advisable? What factors are to be considered before resorting to test checking? What are the advantages and disadvantages of test checking? Discuss the duty of the auditor in this regard.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Auditing

ISBN: 9788131728857

1st Edition

Authors: Basu

See More Books

Question Posted: Feb 04, 2024 01:00 AM

See More Questions

answer the question clearly You are building a flight-control system for which a convincing safety case must be made. Would you assign the tasks of safety requirements engineering, test case...
The impact of telework on organisational performance, behaviour, and culture: evidence from business services industry based on employees' perceptions 1. Introduction Challenges raised by the...
You are designing a new syntax for a programming language like Java, with the intention of making it more approachable to students by using English words instead of punctuation symbols. (a) How does...
Which of the following would be a reason China would place a tariff on Canadian lumber? A. China is trying to protect its domestic lumber industry. B. China is seeking to lower the cost of lumber for...
An inductor that has an inductance of 15.0 H and a resistance of 30.0 is connected across a 100-V battery. What is the rate of increase of the current? (a) At t = 0 and (b) At t = 1.50 s?
Tobys Trucking Company determined that the distance traveled per truck per year is normally distributed, with a mean of 50 thousand miles and a standard deviation of 12 thousand miles. a. What...
Consider the financial system of a country like Japan for example and discuss which ingredients we may have to include in a model that can address the reason for the observed recurrent financial...
Purple Corporation manufactures an exercise machine at a cost of $800 and sells the machine to Scarlet Corporation for $1,200 in 2015. Scarlet incurs TV advertising expenses of $300 and sells the...
A) Material Gauge-Thickness B) Flooring Type C) Member Size (Cross-Sectional) D) Suspended Ceiling Applications E) Wall Heights (Limitations) F) Framing Spacing G) Wall Placement H) Bracing (Non-Full...
What is auditing in depth? Discuss the advantages and disadvantages of this audit technique.
What is routine checking? What types of work are included in routine checking? What are the objectives of routine checking? Describe the advantages and disadvantages of routine checking. Discuss the...
Determine each of the following as being either true or false. If it is false, explain it why. 24 -1 3 1 = 2
What are the factors that affect the corporate cost of capital estimate?
What does the term ROI mean?
Mr. Ashok does not keep his books properly. Following information is available from his books. During the year Mr. Ashok sold his private car for Rs. 50,000 and invested this amount into the...
What are some types of current assets that might be pledged as security for short-term loans?
What is the difference between an underwritten and a best efforts issue?
The following information pertains to the companys ending inventory : Apply lower-of-cost-or-market accounting to each inventory item individually. What total amount should be reported as inventory...
An educational researcher devised a wooden toy assembly project to test learning in 6-year-olds. The time in seconds to assemble the project was noted, and the toy was disassembled out of the childs...
What is the main audit issue in connection with the valuation of long-term work in progress?
What are the auditors duties towards inventory count: (i) Before the inventory count? (ii) During the inventory count? (iii) After the inventory count?
List the characteristics of good inventory count procedures.
Athlete Kalen wishes to retire at age forty-five and receive annual birthday payments of $40,000 beginning on his forty-fifth birthday. After his death, the payments on the anniversary of his birth...
If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is their average collection period?
Niles Industries is a merchandising company. It currently holds $6,000 in consignment goods for Martin Corporation. In addition, it has $4,000 in FOB shipping point goods in transit to Delta...

What is test checking? In what circumstances test checking is advisable? What factors are to be considered

Question:

Step by Step Answer:

Fundamentals Of Auditing

Students also viewed these Business questions