Advanced Auditing & Assurance
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Advanced Auditing & Assurance 
 
0.5 - 1% - Answer-Turnover 
 
5 - 10% - Answer-Profits Before Tax 
 
1 - 2% - Answer-Total Assets 
 
Essential characteristics of accounting - Answer-*A*ccuracy 
*C*ompleteness 
*C*ut-off 
*A*llocation 
*C*lassification 
*O*ccurence 
*V*aluation 
*E*xistence 
*R*ights and Obligations 
 
Asset and Liability characreristics - Answer-Completeness 
Rights and obligations 
Existence 
Valuation 
Allocation 
 
Transactions and events (P&L) characteristics - Answ...