PART B-Inventory 4.1 inventory count PART B-Inventory 4.2 考点梳理 应试建议 PART B-Inventory 4.3 inventory-audit procedure PART B-Property, plant and equipment 5.1 internal control PART B-Property, plant and equipment 5.2考情分析 考点梳理 应试建议 PART B-Property, plant and equipment 5.3 Substant...
Examiner's report – AA March/June 2022 12 In many substantive procedure questions analytical procedures can be an important source of evidence, but for one off types of expenditure then analytical review is unlikely to be useful. For trade receivables, then, valid ana...
FunctionsintheInventoryandWarehousingCycle •Store•finished•goods •Ship•finished•goods •Perpetualinventory•masterfile HowE-CommerceAffectsInventoryManagement •TheInternetenablesclientstoprovideexpanded•descriptionsoftheirinventoryonareal-timebasis.•TheuseoftheInternetandothere-commerce•...
inventory AnalyticalProceduresforManufacturingEquipmentAnalyticalProcedure PossibleMisstatementCompareunitcostsof Overstatementorinventorywiththoseof understatementofpreviousyears. unitcostsCompareextended Misstatementsininventoryvaluewiththat compilation,unitofpreviousyears. costs,orextensions AnalyticalProceduresforManufacturing...
PART B-Inventory 4.2 考点梳理 应试建议 06:05 PART B-Inventory 4.3 inventory-audit procedure 29:52 PART B-Property, plant and equipment 5.1 internal control 28:53 PART B-Property, plant and equipment 5.2考情分析 考点梳理 应试建议 06:50 PART B-Property, plant and equipment 5.3 Substantive pr...
Inventory controlCost controlFocuses on schemes to reduce inventory miscounts from the operational management point of view. An internal audit procedure is devised for identifying most of the data-entry errors, which are one of the main causes of inventory miscounts during the flow of material ...
This procedure confirms that the correct amount was charged at the right time and for the correct inventory. 11. Inventory layers Inventory layers are the quantities of items received or grouped together that share the same costs. If you’re using FIFO (first-in, first-out) or LIFO (last-...
Audit Procedures for Statistical Sampling of Inventory. When auditing a company, auditors... By Madison Garcia Advertisement Audit Procedures Construction Audit Procedures Construction Audit Procedures. If you operate a construction company, you may periodically... ...
Confirmations are considered strong audit evidence because they require a third party to vouch for the reported balance. However, it is important that confirmations are both sent and received under the auditor's control. This maintains the integrity of the procedure, as the client is unable to ta...
(1 = the audit procedure; 2 = the reason for the audit procedure; 3 = the assertion). If the above mentioned procedure is written as ‘The auditor will check a sample of items from the inventory sheets to the raw material inventory’, it is incomplete as...