Identify the types of specific control activities for each internal control.

Question

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Answer 1

Question

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

d.

To determine

List a specific misstatement that could result from the absence of the control.

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

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1.3 1.2.5 za When using a computerised accounting system, the paper work will be reduced in the organisation. Calculate the omitting figures: Enter only the answer next to the question number (1.3.1-1.3.5) in the NOTE. Round off to TWO decimals. VAT report of Comfy shoes as at 30 April 2021 OUTPUT TAX INPUT TAX NETT TAX Tax Gross Tax(15%) Gross (15%) Standard 75 614,04 1.3.1 Capital 1.3.2 9 893,36 94 924,94 Tax (15%) 1.3.3 Gross 484 782,70 75 849,08 -9 893,36 -75 849,08 Bad Debts TOTAL 1.3.4 4 400,00 1 922,27 14 737,42 -1 348,36 1.3.5 (5 x 2) (10

Answer 2

Question

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

d.

To determine

List a specific misstatement that could result from the absence of the control.

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

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Answer 3

Question

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

d.

To determine

List a specific misstatement that could result from the absence of the control.

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

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Answer 4

Question

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

d.

To determine

List a specific misstatement that could result from the absence of the control.

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

d.

To determine

List a specific misstatement that could result from the absence of the control.

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

Answer 6

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

Answer 7

Chapter 12, Problem 20DQP

a.

To determine

Identify the types of specific control activities for each internal control.

Answer 8

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

Answer 9

b.

To determine

Identify the transaction-related audit objectives for the given internal control.

Answer 10

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

Answer 11

c.

To determine

Identify the specific misstatement that is likely to be prevented for the given internal controls.

Answer 12

d.

To determine

List a specific misstatement that could result from the absence of the control.

Answer 13

d.

To determine

List a specific misstatement that could result from the absence of the control.

Answer 14

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

Answer 15

e.

To determine

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 12 - Prob. 1RQ Ch. 12 - Prob. 2RQ Ch. 12 - Prob. 3RQ Ch. 12 - Describe how the nature of evidence used to...Ch. 12 - Prob. 5RQ Ch. 12 - Prob. 6RQ Ch. 12 - Prob. 7RQ Ch. 12 - Prob. 8RQ Ch. 12 - Prob. 9RQ Ch. 12 - Prob. 10RQ

Identify the types of specific control activities for each internal control.

Solution Summary: The author identifies the types of specific control activities for each internal control. They identify the specific misstatement that is likely to be prevented for the given internal controls.

Identify the types of specific control activities for each internal control.

Identify the transaction-related audit objectives for the given internal control.

Identify the specific misstatement that is likely to be prevented for the given internal controls.

List a specific misstatement that could result from the absence of the control.

Identify the audit test that the auditor could use to uncover misstatements resulting from the absence of the control.

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Chapter 12 Solutions