讲该年fixed asset及折旧movement如何. Movement涉及addition及disposal. Addition就要再做schedule讲公司起财政年度增加乜fixed asset. P/L item就系将Profit & Loss的item做schedules. 例如你做sales 不但要每个月的sales去拆开计 仲要做其他不同testing 例如traction test cut-off test 完成不同的audit ...
D. cutoffs of sales and purchases. B. cash receipts and accounts receivable. Cooper, CPA is auditing the financial statements of a small rural municipality. The receivable balances represent residents' delinquent real estate taxes. Internal control at the municipality is weak. To determine the exis...
Cutofftesting:needtobeperformedseparately:Cutofftestingcanbeperformedinbothoverstatementandunder-statementdirection.2 CommonSenseinauditprocedure Otherassertions:PresentationanddisclosureClassificationAllocationUnderstandability MainlyusedinF/Snotes.3 CommonSenseinauditprocedure Testofcontrol:...
IBDIBSIntroduction Faecal Calprotectin testing is a relatively new diagnostic test. It is recommended by NICE (2013) but noted that optimal cut off points require more evidence to enhance the clinical decisions being made. This study reports on the results received in a hospital laboratory during ...
b) Inventory: [2] i) inventory counting procedures in relation to year-end and continuous inventory systems ii) cut-off testing iii) auditor's attendance at inventory counting iv) direct confirmation of inventory held by third parties v) valuation, and vi) other evidence in relation to ...
(iv) Cut–off – transactions and events have been recorded in the correct accounting period. (v) Classification – transactions and events have been recorded in the proper accounts. (vi) Presentation – transactions and events are appropriately aggregated or disaggregated and clearly described, a...
(1) Obtain listing of payables individual balances and agree to purchase ledger (2) Agree total payables to purchase ledger control account (3) Investigate debit balances (4) Reconcile sample of individual balances to suppliers’ statements (or payables’ circularisation) (5) Cut-...
Increased sales cut-off testing will be performed along with a review of post year-end sales returns as they may indicate cut-off errors.During the audit a detailed breakdown of sales will be obtained, discussed with management and tested in order to understand the sales increase.The ...
such as the confirmation of receivables. The receivables confirmation is primarily designed to test the client's entitlement to ceceive debt, not the customer's ability to pay. Auditors also need to consider cut-off for receivables. Revenue testing is often carried out in conjunction with the a...
A generous sales-related bonus scheme has been Increased sales cut-off testing will be performed along introduced in the year, this may lead to sales cut-off errors with a review of post year-end sales returns as they may with employees aiming to maximise their current year indicate cut-off...