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AUE3761
TEST 3
28 JULY 2023
1. Audit Procedures for Associate Expenses Analytical Procedure:
To ensure that the data used in the Associate Expenses analytical procedure calculation is relevant
and reliable as audit evidence, the following audit procedures can be performed:
(a) Inspection of Contracts: Obtain and inspect the 27,000 associate contracts to verify the fixed-rate
amount of R6,000 paid to each associate. Ensure that the contracts are properly executed,
authorized, and contain accurate details of the fixed-rate payment terms.
(b) Reperformance of Commission Calculation: Select a sample of associate transactions and
reperform the commission calculation to validate that the commission of 50% of Taxi revenue is
accurately determined and paid to the associates.
(c) Vouching of Payments: Vouch a sample of payments made to associates to source documents,
such as bank records or payment authorizations, to verify that the actual payments align with the
calculated expectations.
AUE3761
TEST 3
28 JULY 2023
1. Audit Procedures for Associate Expenses Analytical Procedure:
To ensure that the data used in the Associate Expenses analytical procedure calculation is relevant
and reliable as audit evidence, the following audit procedures can be performed:
(a) Inspection of Contracts: Obtain and inspect the 27,000 associate contracts to verify the fixed-rate
amount of R6,000 paid to each associate. Ensure that the contracts are properly executed,
authorized, and contain accurate details of the fixed-rate payment terms.
(b) Reperformance of Commission Calculation: Select a sample of associate transactions and
reperform the commission calculation to validate that the commission of 50% of Taxi revenue is
accurately determined and paid to the associates.
(c) Vouching of Payments: Vouch a sample of payments made to associates to source documents,
such as bank records or payment authorizations, to verify that the actual payments align with the
calculated expectations.
