Question: Explain and elaborate what is reperformance in the audit procedure. Provide an example.

Explain and elaborate what is reperformance in the audit procedure. Provide an example.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Reperformance in Audit Procedure Reperformance is an audit procedure where the auditor independently performs or observes a control or procedure that ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Wendy Greenberg's wedding got pushed to October. She popped in to pay 50% of her estimate on the spot with cheque 47. What is it asking me to do on QuickBooks with this?

MULTIPLE-CHOICE QUESTIONS 1. Assume that an auditor is physically examining a client's equipment. What type of audit procedure is the auditor performing? a. Inspection of documentation. b. Inspection...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

In the ZZZZ Best case, explain the kinds of evidence that the auditors gathered and how the auditors failed. just write one or two paragraph to support ZZZZ Best Case On May 19, 1987, a short article...

Describe how materiality is used in (1) planning and performing the audit and (2) evaluating evidence gathered during the audit process. a. Provide an example describing how materiality might be used...

RE is required to submit audited financial reports to the European Union. The deadline to submit a ort, including audited accounts, for EURO 3 million project received from European Union, is in Four...

Please also explain the answer. For each of the procedures described in the table below, select from the option lists provided the audit procedure that the auditor performed and the proper...

The skills and personal qualities of external auditors is considered a factor in conducting a quality audit. O True O False QUESTION 42 An example of reperformance is the audit procedure of reviewing...

QUESTION 31 The incentive to commit fraud as well as the opportunity to commit fraud are the most critical elements of the fraud triangle. True False QUESTION 32 The external auditor provides some...

answer the question clearly Describe and compare the call-by-value, call-by-name, and call-by-need evaluation strategies for functional programming languages. The ML function butlast removes the last...

Which of the following is a test of control in the audit of tangible non-current assets? Review authorisation of the depreciation rates used Walk-through the process for authorising capital...

All question marks in this page need to be determine. (box the answers) 4. (a) 7 sin (17) T = ? 1352 ww 970. E 16MF: E: t = ?@.208 m (time constant) We = 11:07 Kth] (cut-off anglar frequency) ?...

Mercedes-Benz of San Francisco advertises on the radio that it has been owned and operated by the same family in the same location for 50 years (as of 2012). It then makes two claims: first, that it...

Please debate the issue of "nice guys / girls " come second " in terms of present day business practices

When must a company recognize an asset retirement obligation?

A nozzle at A discharges water with an initial velocity of 36 ft/s at an angle with the horizontal. Determine (a) The distance d to the farthest point B on the roof that the water can reach, (b) The...

The quarter ring shown has a mass m and was cut from a thin, uniform plate. Knowing that r1= ½r2, determine the mass moment of inertia of the quarter ring with respect to (a) Axis AA²,...

Chlorine absorption in a falling film (Fig. 18A.4), chlorine is being absorbed from a gas in a small experimental wetted-wall tower as shown in the figure. The absorbing fluid is water, which is...

Maple Products, Ltd., manufactures a super-strong hockey stick. The standard cost of one hockey stick is: Last year, 8,000 hockey sticks were produced and sold. Selected cost data relating to last...

Which IAS provides guidance for reporting liabilities (and assets) of uncertain timing, amount, or existence?Multiple choice question.IAS 11IAS 1IAS 37IAS 16

For each project work step below from 1-13 provide an evidence obtain, level of evidence reliability, and audit procedure. Provide an evidence obtained from 1-13 be specific in one sentence. Level of...

Examination Cover Page Examination Period: 2019 HE Term 3 Academic Institution: Central Queensland University Academic Group: Higher Education Division Academic Career: Postgraduate Examination Type:...

APPENDIX A Audit Procedure Checklist - Student Deliverable Date Initial Audit Procedures Go to https://edu.Confirmation.com, the educational platform created by Confirmation.com for the purpose of...

Tests of Controls: General Controls. The audit team of Packer Company identified the following general controls in obtaining its overall understanding of Packers internal control over the automated...

You are an audit senior of Qistina & Co and are in the process of reviewing the systems testing completed on the payroll cycle of Widad Industries Co (Widad), as well as preparing the audit...

Tests of Controls: Processing and Output Controls. Mark Companys audit team is evaluating the controls that Mark has implemented over the automated processing of payroll transactions. During the...