Aue3702 Study guides, Class notes & Summaries

Learning Unit 1 Learning Unit 1.1 - The theory of audit evidence – ISA 500 1.1.2 Where to look for audit evidence: (a) Accounting records – The records of initial accounting entries and supporting records, such as checks and records of electronic fund transfers; invoices; contracts; the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and records such as work sheets and spreadsheets supporting ...

AUE3702 ASSIGNMENT 1 SEMESTER 1 2022

AUE3702 ASSIGNMENT 1 SEMESTER 1 2022

AUE3702 Assignment 2 - Semester 1 AUE3702 ECP ASSIGNMENT 2 SEMESTER 1 1. Audit Sampling – Inventory 1.1. Comments on the size of sample selected Considering that in prior years, no instances of empty boxes had been found, internal controls in the receiving and issuing of inventory and physical controls over inventory are operating effectively for the year ended 30 April 2021 and the company has a strong control environment with the risk of material misstatement assessed as low, the s...

AUE3702 Assignment 2 - Semester 1 OF 2022.1. Audit Sampling – Inventory 1.1. Comments on the size of sample selected Considering that in prior years, no instances of empty boxes had been found, internal controls in the receiving and issuing of inventory and physical controls over inventory are operating effectively for the year ended 30 April 2021 and the company has a strong control environment with the risk of material misstatement assessed as low, the sample size can be reduced. H...

AUE3702 Assignment 2 - Semester 1 OF 2022. Audit Sampling – Inventory 1.1. Comments on the size of sample selected Considering that in prior years, no instances of empty boxes had been found, internal controls in the receiving and issuing of inventory and physical controls over inventory are operating effectively for the year ended 30 April 2021 and the company has a strong control environment with the risk of material misstatement assessed as low, the sample size can be reduced. How...

AUE3702 ASSIGNMENT 1 AUE3702 ASSIGNMENT 1 SEMESTER 1

AUE3702 LATEST EXAM PACKTABLE OF CONTENTS JUNE 2013-2017 NOV 2013-2017 Explained notes

AUE3702 assignment 2 2021. Substantive Procedures And Finalising An Audit. Activity 2.1.1 1) Comments on the Junior trainee’s understanding of the assertions Trade receivables Existence the period is not mentioned and readers would not be able to understand which date the junior trainee is referring to 1½ Accuracy She did not include measurement in her statement since the accuracy of an amount needs to be measured to ascertain the amount. She did not also include valuation and alloca...

SUBSTANTIVE PROCEDURES AND FINALYSING AN AUDIT AUE3702 Activity 3.1.1 Assertions for sales transactons Occurrence: the sales recorded occurred and relates to the entity Accuracy: the sale is recorded at the correct amount Cut-of: the sales are accounted for in the correct accounting period or financial year Completeness: all the sales that should have been recorded have been recorded Classification: the sales have been recorded or posted in the correct account [Type here] Disclosure: a...