The auditor has a responsibility to design audit procedures to obtain sufficient and appropriate evidence. Apply two types of audit procedures that the auditor might use to support each of the following. i. Physical attendance at stock take ii. Valuation of accounts receivable iii. Balance in Bank
The auditor has a responsibility to design audit procedures to obtain sufficient and appropriate evidence. Apply two types of audit procedures that the auditor might use to support each of the following. i. Physical attendance at stock take ii. Valuation of accounts receivable iii. Balance in Bank
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Auditing: Integral To The Economy
Section: Chapter Questions
Problem 18MCQ
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Question
The auditor has a responsibility to design
i. Physical attendance at stock take
ii. Valuation of
iii. Balance in Bank
iv. Authorised and paid-up share capital
v. Accounts payable
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