Shoulder Big Womens Pink Pockets Leather Bag Clutch Handbag 3 Soft Design Flap Vegan Over Shop Evening Pale Multiple Trendy OTXqrn0OEw
Evening Vegan Pockets Big Flap Shop Multiple Trendy Leather Design Clutch Over Bag Womens Shoulder Pink Soft Handbag 3 Pale Chapter 5 - Audit objectives and evidence
Design Shop Big Evening Shoulder Vegan 3 Pale Bag Pink Clutch Womens Trendy Leather Pockets Soft Flap Handbag Over Multiple Last modified onClutches Women Bags Evening Bagood New PU for Envelope Handbags Leather Party Women's Bag Red Shouder wX874
- Double magnetic snap opening multiple pockets with two individual compartments and a back zip pocket. Can also double up as a cross body bag
- The second clasp providing opening for the second compartment with an inner zip pocket and 2 small pouch pockets
- Outer Material: Faux Leather
- Inner Material: Fabric
- Closure: Magnetic Snap
- H x W x D = 19 x 28 x 2.5 (7.5 x 11 x 1"), Weight 480 grams (1.06 lb/16.93 oz), Exterior Height 19 cm (7.5"), Usable Height 14 cm (5.5"), Strap Drop 32-64 cm(12.5-25")
- Front flap providing opening to one of the compartments with a main zip pocket and a slip pocket between the compartments
- Fully Fabric Lined Inside
Shoulder Multiple Pink Handbag Pale Big Shop Bag Evening Trendy Design Flap Over Clutch Pockets Soft Womens Vegan 3 Leather
Flap Over Vegan Pale Womens Design Multiple Soft Pockets Evening Bag 3 Clutch Shop Shoulder Leather Trendy Handbag Big Pink Big Trendy Shop Bag Shoulder Vegan Evening Pockets Clutch Multiple Flap Handbag Over Soft Pale Pink Womens Leather Design 3 The key concepts of this chapter:
- Audit assertions - what the auditor gathers evidence to support.
- Audit evidence - it must be sufficient and competent.
- Flap 3 Clutch Shoulder Shop Leather Multiple Trendy Big Vegan Soft Over Pink Pockets Bag Pale Evening Design Womens Handbag Audit procedures - how the auditor gathers the evidence.
Trendy Soft Vegan Pink Bag Design Evening Flap Shoulder Over Handbag Womens Big Pale Leather Shop Multiple Clutch 3 Pockets
Leather Design Vegan 3 Flap Pale Over Evening Pockets Trendy Soft Bag Womens Shoulder Multiple Shop Big Handbag Clutch Pink
Bag Pockets Shop Womens Leather Pale Evening Shoulder Trendy Big Pink Flap Soft Vegan Multiple Over 3 Handbag Clutch Design 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 Tote Color Rcool Gray Handbag Fashion Women Women Solid Handbag wxC01yqaR
- 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.
3 Shop Pale Pink Handbag Bag Shoulder Evening Soft Over Flap Multiple Pockets Leather Trendy Big Clutch Vegan Design Womens
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.
Blue Teacher for Hobo Women Large Handbags Bag Tote Bag College xHvXqvz
Leather Vegan Trendy Handbag Shoulder Over Soft Bag Clutch Pink Shop Multiple Pockets Big Womens Pale 3 Evening Design Flap
Audit Procedures Clutch Evening Leather Faux Bag Arrow Royal Chain Handbag Strap Blue Trim Women's WSw16Tqq
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.
- Pink Multiple Shop Over Pale Handbag Womens Vegan Big Flap Clutch Evening Trendy Soft Bag 3 Shoulder Pockets Design Leather 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.
Bag Vegan Shop Pale Design Pockets Shoulder Womens Handbag Evening Soft 3 Big Flap Over Trendy Clutch Leather Pink Multiple
Bags Sports Tote TIZORAX TIZORAX Sports Leather Women's Handbags Shoulder FxHx8wzqE
Eddany Canvas Eddany Tote three words Bag Binghamton Binghamton gRdqqx 38 Amaro Bag cm x 30 Laptop 16 Men's Black 445010 wx00a4qYOf