A book selling company has a Head Office and 25 shops, each of which holds cash (banknotes,
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Question:
A book selling company has a Head Office and 25 shops, each of which holds cash (banknotes, coins and credit card vouchers) at the year-end date. There are no receivables. Accounting records are held at shops. Shops make returns to Head Office and Head Office holds its own accounting records. Your firm has been the External Auditor to the company for many years and has offices near to the location of some but not all of the shops.
Required;
List the audit objectives for the audit of cash and state how you would gain the audit evidence in relation to those objectives at the year end.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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