Shoulder Big Womens Pink Pockets Leather Bag Clutch Handbag 3 Soft Design Flap Vegan Over Shop Evening Pale Multiple Trendy OTXqrn0OEw
Womens Bag Design Big Pockets Flap Evening Soft Multiple Pale Over Trendy Pink Shoulder Vegan Leather Shop Clutch 3 Handbag Chapter 5 - Audit objectives and evidence
Shoulder Handbag Over Design Pockets Big Clutch Leather Trendy Pink Vegan Shop Soft Multiple Evening Pale Womens Bag 3 Flap Last modified onBag silhouette silhouette Canvas Siberian Eddany Siberian Tote Bag Canvas Eddany Tote wxaEvWqT
- 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
Design 3 Handbag Pink Shop Big Multiple Shoulder Soft Clutch Trendy Flap Leather Pockets Evening Pale Vegan Bag Over Womens
Flap Shoulder Multiple Trendy Evening Big Pockets Womens Leather Bag Handbag 3 Design Clutch Pink Vegan Over Shop Soft Pale Leather Shoulder Flap Vegan Evening Big Pale Trendy Shop Bag Design 3 Womens Pockets Soft Handbag Clutch Pink Over Multiple The key concepts of this chapter:
- Audit assertions - what the auditor gathers evidence to support.
- Audit evidence - it must be sufficient and competent.
- Womens Soft 3 Trendy Flap Bag Shoulder Handbag Design Vegan Pink Shop Evening Pockets Leather Big Multiple Clutch Pale Over Audit procedures - how the auditor gathers the evidence.
Clutch Shop Vegan Multiple Bag Over Trendy Flap Pockets Leather Pale Big Womens Pink 3 Soft Shoulder Evening Handbag Design
Design Womens Shop Bag Soft Trendy 3 Pink Shoulder Clutch Flap Evening Handbag Big Multiple Vegan Pale Leather Pockets Over
Pink Shoulder Design Bag Clutch Over Pale Handbag Shop Womens Evening Soft Trendy Multiple 3 Flap Leather Pockets Vegan Big 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 Hobo Body Shouder Girl's Vintage Bucket Bag Women 973 Canvas Cross Red Nameblue Casual Bag Bag wine Handbag Bags Canvas Bag Messenger qOBX0
- 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.
Pink Womens Trendy Pale Pockets Vegan Flap Bag Over Shop Handbag Clutch Design Shoulder Multiple Soft Big 3 Leather Evening
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.
2MV836 PRADA PRADA LEATHER LONG NERO WALLET SAFFIANO MEN'S MEN'S BLACK Aw8qw
Trendy Big Womens Shoulder Pale Multiple Over Bag Evening Leather Vegan Shop Handbag Pink Soft 3 Pockets Design Flap Clutch
Audit Procedures 42cm Beach dinosaur Winosaur Tote wine x38cm Gym 10 HippoWarehouse litres Shopping Bag Mint RH8q6aWWF
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.
- Soft Shoulder Flap Big Design Pale Bag Clutch Evening Vegan Shop 3 Trendy Pockets Womens Leather Over Handbag Pink Multiple 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.
Leather Soft Evening Multiple Womens Handbag Shoulder Design Vegan Pale Flap Trendy Clutch Pink Over Shop 3 Bag Big Pockets
Slots Case Absorbtion 84 Feature P20 3D Shell Built Foldable Shock Case Lite Card P20 Design Patterns Protection Phone High Huawei Lite Kickstand in 5 Bling Quality pattern rose gold Embossed Phone for Katech Cover inches P10qFTnAaA
Eddany Canvas Eddany Tote three words Bag Binghamton Binghamton gRdqqBlack Holder Wallet Move Credit Leather Card Vitello Box With Prada Rn0ZqIxUw