3. 函证程序 procedures of receivables confirmation 4. 不回函的程序 non-responsible 5.回函有差异的程序 responsible difference (二)销售收入sales 1. 实质性分析程序AP 五、存货 inventory (一)价值认定(金额准确cost 和 NRV) valuation assertion (二)瑕疵存货(cost?NRV?) defective inventory (三)存货盘点的...
(三)估值与分摊(6个程序)valuation and allocation:原值、折旧 (四)固定资产的完整性(2个程序) completeness of PPE: (五)固定资产的权利和义务(3个程序) rights and obligations of PPE: (六)重新估值的审计程序(6个程序) procedures for revalued assets 三、无形资产(5个程序) intangible non-current...
The auditor should agree the assumptions used in the report for reasonableness. For example, the value per square feet in the valuation report should be similar to the value per square feet of other similar properties in that locality. There are many more procedur...
The auditor should agree the assumptions used in the report for reasonableness. For example, the value per square feet in the valuation report should be similar to the value per square feet of other similar properties in that locality. There are many more procedur...
Audit-of-the-Inventory-and-Warehousing-Cycle AuditoftheInventoryandWarehousingCycle FlowofInventoryandCosts •RawMaterials•Beginning•Raw•inventory•materials•Purchases•used •Ending•inventory •Manufacturing•DirectLabor•ActualApplied •WorkinProcess •Manufacturing•Overhead •Actual...
You are responsible for the audit of inventory of Easy Wheels, a limited liability tyre manufacturing company. Which of the following procedures would give you assurance as to the proper valuation of tyres? A. Checking whether adequate provision has been made against damaged and slow moving ...
Assertions relate to financial statement tests, and include presentation and disclosure, existence or occurrence, rights and obligations, completeness and valuation or allocation. Audit procedures indicate steps in testing internal controls and financial account balances. Presentation and Disclosure ...
External environment: Changes in accounting standards, regulations, or economic conditions can affect the complexity and judgment required in financial reporting. For example, high inflation periods might increase the risk of misstatement in inventory valuation. ...
and there is not one set of procedures performed for every audit. The client is responsible for implementing a system of internal controls, but the auditor must comment on any internal control weaknesses noted during the audit. Finally, the financial statements are the responsibility of management,...
Auditing inventory is the process of cross-checking financial records with physical inventory and records. Understand how to audit inventory in detail & why it is important.