Following is an audit working paper that documents an auditor's work for Sempier & Fiske, Inc.'s accrued

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Following is an audit working paper that documents an auditor's work for Sempier & Fiske, Inc.'s accrued property taxes payable for the year ended December 31, 1999. Sempier & Fiske is a first year audit client.

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a Agreed to prior auditor's working papers.

b Traced to cash disbursements records.

c Footed.

Required:

List the deficiencies in this working paper.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 04, 2024 02:00 AM

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Following is an audit working paper that documents an auditor's work for Sempier & Fiske, Inc.'s accrued

Question:

Balance, 12/31/98 Sempier & Fiske, Inc. December 31, 1999 Provision for property tax expense Payments: State of Indiana City of Indianapolis City of Ft. Wayne City of So. Bend Balance, 12/31/99 DD4 01/15/00 $75,984 75,000 $34,930 17,340b 8,450 10,346 (71,066) $79,918 C

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Auditing And Assurance Services

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