what are some typical types of evidence that may be collected in testing an entity's internal...
what are some typical types of evidence that may be collected in testing an entity's internal controls?
Homework Answers
| During the audit process it is necessary to collect the evidences which are necessary to check the internal control of the entity. Examples of these audit evidences is as below: |
| 1. Sales invoice: To check the format, timing etc. |
| 2. Credit memo: To check the credit adjustments. |
| 3. Cash receipts journal: To check cash is properly recorded. |
| 4. Customer statement: To check the same with companys' statement. |
| 5. Customer Sales order: To check the authencity of sales. |
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what are some typical types of evidence that may be collected in
testing an entity's internal...
Auditors are required to obtain a sufficient understanding of an entity's internal control. This understanding is...
Auditors are required to obtain a sufficient understanding of an entity's internal control. This understanding is required by the performance principle of GAAS. What are some of the goals (purposes) for conducting an evaluation of an entity's internal control?
Auditors are required to obtain a sufficient understanding of an entity's internal control. This understanding is...
Auditors are required to obtain a sufficient understanding of an entity's internal control. This understanding is required by the performance principle of GAAS. What are some of the goals (purposes) for conducting an evaluation of an entity's internal control? B 1 U TE T? TE lal 1 E WI lilil á TT O Word(s)
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Auditors are required to obtain a sufficient understanding of an entity's internal control. This understanding is required by the performance principle of GAAS. What are some of the goals (purposes) for conducting an evaluation of an entity's internal control? B 1 U TE T? TE lal 1 E WI lilil á TT O Word(s)
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