[PDF] Top 20 ATC F8 materials FF8 AA (Int)Session37 j08

... 17. Where certain sections only of the inventory have been physically counted (other sections being represented by book figures) check that a clean cutoff has been achieved between the several sections (raw ... Lihat dokumen lengkap

... ¾ By testing for overstatement from a balance, recorded transaction or disclosure to evidence supporting that item the item is being tested for assertions relating to: ‰ occurrence, cut[r] ... Lihat dokumen lengkap

... 1.2 Matters communicated ¾ Throughout this study system, details of the main communications between management and auditors have been noted, eg: ‰ Terms of engagement see Session 5; [r] ... Lihat dokumen lengkap

... ¾ In addition, materiality ranges may be set lower than for normal, commercial organisations because of the nature of the entity eg the general public would expect that all donations to[r] ... Lihat dokumen lengkap

... warehousing agents ¾ Analytical procedures ⇒ Payable days outstanding, current ratio, accrued expenses to trade payables % or ratio Solution 2 — Supplier’s statement reconciliation ¾ [r] ... Lihat dokumen lengkap

... FOCUS You should now be able to: ¾ identify risks and appropriate sources of evidence; ¾ suggest cash control objectives and recommend internal control procedures; ¾ describe methods[r] ... Lihat dokumen lengkap

... Trade receivables ledger control a/c $ Balance b/f opening trade receivables x Sales credit a/c sales day book x Cash a/c – dishonoured cheques cash book x Discounts allowed a/c [r] ... Lihat dokumen lengkap

... ¾ Inventory is counted on a regular basis and just not once (at the end of the reporting period). Acts as a check on the accuracy of the book records (usually computerised incorporating purchases and movements between ... Lihat dokumen lengkap

... to recruit staff, promote product ¾ Ability to use or sell the intangible asset ¾ Applications made for copyright, trademarks, licenses etc ¾ Dedicated sales manager, establishing of s[r] ... Lihat dokumen lengkap

... 1.3 Small installations 1.3.1 Features 1.3.2 Consequences ¾ Lower level of general IT controls ⇒⇒ ⇒ Less reliance on system of internal control Greater emphasis on tests of det[r] ... Lihat dokumen lengkap

... EXAMPLE SOLUTION Solution 1 — Why 100% ¾ Population consists of a small number of large value items ¾ Items to which monetary materiality does not apply ¾ Unusual, one-off, or excepti[r] ... Lihat dokumen lengkap

... 2 ACKNOWLEDGEMENT OF MANAGEMENT’S RESPONSIBILITY 2.1 Essential procedure ¾ Evidence of the following should be obtained: ‰ management’s responsibility for the design and impleme[r] ... Lihat dokumen lengkap

... 4 SCOPE OF WORK The auditor should obtain sufficient appropriate audit evidence that the scope of the expert’s work is adequate for audit purposes.. 4.1 Written terms of reference [r] ... Lihat dokumen lengkap

... SESSION 17 – ACCOUNTING ESTIMATES 1703 3.2 Approaches ¾ The auditor should use one, or a combination, of the following: Review and test management’s process used to develop estimate[r] ... Lihat dokumen lengkap

... EXAMPLE SOLUTION Solution 1 — Sales revenue assertions Revenue assertions Analytical procedures Tests of detail ideas in outline ¾ Completeness ¾ Comparison with budget, prior [r] ... Lihat dokumen lengkap

... 3.2 Codification The codification of the Standards by subject matter is as follows the 100 to 800 series are for International Standards on Auditing ISA: 100 series Introductory Mat[r] ... Lihat dokumen lengkap

... ¾ From their understanding of the controls over the service provider and processes in operation at the client, the auditor may decide that appropriate sufficient audit assurance can be o[r] ... Lihat dokumen lengkap

... 1 TESTING CONTROL EFFECTIVENESS 1.1 Components 1.2 General approach Reliance Test effectiveness Evaluate Remaining assurance from substantive procedures Not effective No [r] ... Lihat dokumen lengkap

... eliminating manual processing errors; effective application of controls; ‰ consistently apply complex calculations in processing large volumes of transactions or data; ‰ enhance the [r] ... Lihat dokumen lengkap

... ¾ Areas covered by the discussion should, at least, cover: ‰ how and where the entity’s financial statements may be susceptible to material misstatement due to fraud; ‰ how management [r] ... Lihat dokumen lengkap