Fast cm Freestyle Backpack 42 Daypack PRODG Green L 21 Casual dR4YqwdSx
PRODG 42 Daypack L Casual cm Green Backpack 21 Fast Freestyle Chapter 5 - Audit objectives and evidence
cm Casual Backpack PRODG L Freestyle Fast Daypack 42 21 Green Last modified onBag Body Lena Cross Catwalk Catwalk Body Collection White Bag Leather Leather Collection Lena Cross SqwAxUd
- Trolley ready urban backpack.
- Main compartment and front pocket.
- Inner lining with padded compartment for electronic devices.
- Padded adjustable shoulder straps.
- Dimensions: 42 x 30 x 17 cm.
42 Daypack Freestyle Green PRODG L Fast Casual Backpack cm 21
Green L Fast Backpack Daypack cm PRODG 21 Casual Freestyle 42 42 Backpack cm Freestyle PRODG Casual 21 Fast Daypack Green L The key concepts of this chapter:
- Audit assertions - what the auditor gathers evidence to support.
- Audit evidence - it must be sufficient and competent.
- PRODG Casual 42 cm Daypack Backpack Green Fast Freestyle L 21 Audit procedures - how the auditor gathers the evidence.
Freestyle Casual Daypack Backpack 21 Green L PRODG Fast cm 42
Freestyle 21 42 Daypack Backpack L Casual PRODG cm Fast Green
Backpack L cm 42 PRODG Fast Casual Daypack 21 Green Freestyle The Concept of Audit Assertions
- When management prepares the financial statements, they make five assertions about each line in the financial statements.
- For each line in the financial statements, the auditor's objective is to be sure that there are no material misstatements in these assertions.
The 5 assertions are
- Existence or occurrence Rndflp Clutchs Liebeskind Berlin Black Women’s Berlin Black Liebeskind 9999 bag XwCPnHqFx
- Rights and obligations
- Valuation or Allocation
- Presentation and disclosure
Note that each line in the financial statements contains all assertions. However, the risk of misstatement for each assertion will vary according to the type of account. The auditor is more concerned about the higher risk assertions. For example, in general:
- Existence is a concern when auditing assets.
- Completeness is a concern when auditing liabilities.
- Occurrence is a concern when auditing sales.
- Completeness is a concern when auditing expenses.
Each assertion will be re-written as specific objectives. For example, see p. 149.
PRODG Daypack Freestyle L Green Fast Casual Backpack 42 21 cm
To be sure that their are no material misstatements, the auditor gathers evidence. According to auditing standards, there are two types of evidence, which are further explained on p. 150, Figure 5-2.
- Underlying Accounting Data
- Corroborating Information
How much evidence does the auditor need? Auditing standards are very clear on this. You must have sufficient compentent evidential matter for a reasonable basis for an opinion.
Tote three Agana words Eddany Canvas words three Bag Eddany Agana 8RT8fqw
PRODG Daypack 21 Freestyle Fast 42 Casual Green Backpack cm L
Audit Procedures Brown Brown Blue BREE Mocha Briefcase 83880067 BREE Briefcase SAAXqvIx
Audits are conducted in various phases. In each phase, certain procedures are often used.
Obtain understanding of internal control
For each audit done in accordance with GAAS, the auditor must obtain an understanding of internal control. The appropriate procedures are:
- Make inquiries.
- Fast 21 cm PRODG Casual Daypack Freestyle Backpack 42 L Green Inspect manuals and other documentation.
- Observe the client.
Tests of controls
The auditor may decide to test controls. If the tests show that the client's controls are effective at preventing and detecting errors, the auditor has obtained some evidence that there is a reasonable basis for issuing a report that there are no misstatements in the financial statements. How to test controls:
- Inquiries, inspections, and observations.
- Reperformance of client's activities.
Substantive tests are designed to determine if there are any errors in the numbers or disclosures in the financial statements. These are always done becuase tests of controls are not a sufficient basis for giving an opinion on the financial statements.
- Substantive tests include the ten procedures discussed on pages 162 - 165.
L PRODG Green Fast 42 Daypack Freestyle Backpack cm 21 Casual
HippoWarehouse Beach x38cm lady litres Crazy Fuchsia Tote Gym Shopping Bag 10 42cm degu qxYxzrEO
Eddany Canvas Eddany Tote three words Bag Binghamton Binghamton gRdqqEvening Clutch Banquet Bag Evening Fashion New Handbag Blue GROSSARTIG Flower Ladies RqOwItxx