What two types of audit programs are ordinarily used as written plans for audit procedures?
Question:
What two types of audit programs are ordinarily used as written plans for audit procedures?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Test of control audit programs are used ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
How is it possible that a review of computer logs can be used to test for both internal access controls and external access controls? Other than reviewing the computer logs, identify and describe two...
-
What is an audit? Identify the two types of audit and the differences between them.
-
What two types of transactions cause most current liabilities?
-
In Exercises find the given higher-order derivative. 2 "(x) = 2 / f(x) X
-
Explain why the hydrogens of the methyl group bonded to flavin at C-8 are more acidic than those of the methyl group bonded at C-7.
-
According to the information presented below, can you calculate the Debt-to-Equity Ratio for Alternatives, INC? *Round your answer to the nearest two decimals, if needed. If the answer is a...
-
Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions?
-
The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet for 500 people,...
-
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) $53,000 Fourth Quarter October November December $43,000 38,000 63,000 Experience...
-
Each student is required to identify individual attributes of interest to them from a sample of 30 respondents (at least) that can provide information about themselves on any two variables that you...
-
Are auditors more likely to be sued successfully for sampling risk or for non-sampling risk?
-
Why can poor controls over the existence of sales result in an overstated accounts receivable balance at year-end?
-
BMT is a company that has been listed on the London Stock Exchange for many years. Institutional investors own approximately 45 per cent of the ordinary shares of the company. The recent financial...
-
2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How long has Bob owned this land If the price of land has been Increasing at 4 percent per year?
-
You want to purchase some shares of JJ Farms stock but need a rate of return of 17.5 percent to compensate for the perceived risk. What is the maximum you are willing to pay per share for this stock...
-
You work in the pathology laboratory of a large metropolitan hospital and have been asked to assist with the screening of a biopsy sample from a patient s cancerous tumor. You discover a mutation in...
-
You recently purchased a stock that is expected to earn 12.6 percent in a booming economy, 8.9 percent in a normal economy and lose 5.2 percent in a recessionary economy. Each economic state is...
-
Your company is reviewing a project with estimated labor costs of $14.68 per unit, estimated raw material costs of $43.18 a unit, and estimated fixed costs of $18,000 a month. Sales are projected at...
-
Excerpts from Starbucks Corporation's tax note from the company's Form 10-K for the year C13-5 ended September 27, 2015, follow. Required: 1. Provide a journal entry to record the aggregate income...
-
Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?
-
Write the expanded risk model. What risk is implied for test of detail risk when IR = 1.0, CR = 0.40, APR = 0.60, AR = 0.048, tolerable misstatement = $10,000, and the estimated standard deviation in...
-
What audit purpose is served by stratifying an account balance population and by selecting some units from the population for 100% audit verification?
-
What kind of evidence evaluation consideration should an auditor give to the dollar amount of a population unit that cannot be audited?
-
A 5-year Treasury bond has a 4.9% yield. A 10-year Treasury bond yields 6.45%, and a 10-year corporate bond yields E inflation will average 3% over the next 10 years (IP103%). Assume that there is no...
-
You plan to retire in exactly 30 years. Your goal is to create a fund that will allow you to receive $30,000 per year for the 20 years you think you will live after retirement. You can earn 10%...
-
Firms often seek to improve their profit margins by acquiring a supplier - the motive being to capture the supplier's profit (net income) as well as their own. Some financial data is provided in the...
Study smarter with the SolutionInn App