1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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AUDITING THEORY 1. Which of the following activities is an analytical procedure an auditor would perform in the final overall review stage of an audit to ensure that the financial statements are free from material misstatement? A. Reading the minutes of the board of directors’ meetings for the year under audit. B. Obtaining a letter concerning potential liabilities from the client’s attorney. C. Comparing the current year’s financial statements with those of the prior year. D. Ensuring that
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Page number Executive summary 4 Introduction 5 Audit in brief: 6 History of auditing profession in Bangladesh 6-10 Ending summary 10-11 conclusion 11 Executive summary: The development of auditing profession in an emerging economy Bangladesh is analyzed here. This report aims to discuss the historical background and evolution of auditing. It is found that auditing has evolved through a number of stages. In the mid 1800s to early 1900s‚ the audit practice was considered as traditional conformance
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SEMESTER 1‚ 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Ace Computers Ltd (Ace) for the year ended 30 June 2011 audit‚ you become aware of the following information: 1. The best-selling computer presentation package has been experiencing a high level of returns owing to suspected software problems. 2. Based on closing inventory‚ inventory turned over
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Define project and develop plan Submission details Candidate’s Name Phone No. Assessor’s Name Phone No. Assessment Site Assessment Date/s Time/s The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective Candidates will demonstrate knowledge and skills required to define
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reasons why plans fail as described in Ch. 11 of Project Management. Which of these reasons applies to defining and sequencing activities? As a project manager‚ what steps may you take to prevent your plan from failing? There are many reasons why plans fail to succeed. In discussing our answers to this question‚ Team C felt that in the list of reasons on why plans fail‚ poor planning would be on top of the list. When there are no attempts in pushing forward with already made plans‚ the project is bound
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Sample Project CCC New Platform Programme Quality PlanRegatta Quality Plan Owner: Ciaran Whyte Author: Ciaran Whyte Date of issue: 19/06/03 Version: 01.0 Date created: 19/06/03 0. DOCUMENT CONTROL 0.1. Change History Version Date Description of Changes 00.1 28/02/03 Initial version 00.2 22/05/03 Re-issued in line with 01.0 19/06/03 Final version updated 0.2. Changes Forecast Quality Plan to be revised prior to the start of each Project Phase
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Project Description This project involves the remodeling of the master bathroom by replacing the fixtures‚ the appliances and the tiles to emanate a sense of peace and tranquility. Our objective is to create a whole new environment. One that is pleasing to eye as well as one that offers a feeling of comfort on a daily bases. Problem/ Result Statement The bathroom appliances‚ fixtures and tiles are in dire need of renovation. The appliances are corroded‚ the fixtures are broken and
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CIS 470 PROJECT PLAN Team: Team A Team Members: Melinda Ahmed Nathan Gruss Daniel McIntyre Catherine Roberts Date: 9/4/11 Project Title: Williams Specialty Company e-Commerce Web Site. WSC Team Leader Daniel McIntyre 1. System Overview Williams Specialty Company‚ a small printing and engraving organization‚ wants a web site developed to enable their customers to enter their order information including but not limited to: Type of job (print or engraving) Media (clothing‚ plague
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