Tài liệu Khối Ngành Kinh Tế

A cut-off bank statement normally covers the 7- to 10-day period after the date on which the bank account is reconciled. For reconciliation purposes, any item should have cleared the client’s bank account during the 7- to 10-day period.

30 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 761 | Lượt tải: 0

The following duties should be segregated: The individuals responsible for issuing, transferring and canceling stock certificates should not have any accounting responsibilities. The individual responsible for maintaining the detailed stockholders’ records should be independent of the maintenance of the general ledger control accounts. The indiv...

26 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 644 | Lượt tải: 0

The inherent risk associated with intangible assets and goodwill raises serious risk considerations. The accounting rules are complex and the transactions are difficult to audit. Accounting standards require different asset impairment tests for different classes of intangible assets. With the judgement and complexity associated with valuation and e...

29 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 729 | Lượt tải: 0

Inventory transactions that are not properly recorded result in misstatements that directly affect the amounts reported in the financial statements. Inventory purchases must be recorded at the correct price and actual quantity received. Inventory shipped must be properly recorded in cost of goods sold and the related revenue recognized.

30 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 617 | Lượt tải: 0

In assessing inherent risk the auditor may want to consider the effect of economic conditions on payroll costs, the supply of skilled workers and the frequency of employee turnover. The auditor should be familiar with any existing labour contracts and the impact of regulation on the company.

28 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 607 | Lượt tải: 0

Purchasing documents and records . . . Purchase Requisition – request to purchase goods or services. Purchase Order – includes description, quality, and quantity or goods or services being purchased. Receiving Report – records the receipt of goods. Vendor Invoice – the bill from the vendor. Voucher – serves as the basis for recording a vendor’...

41 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 653 | Lượt tải: 0

Aged Trial Balance of Accounts Receivable This report summarizes all the customer balances in the accounts receivable subsidiary ledger. Each account is classified as current or placed into one of several past due categories.

55 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 719 | Lượt tải: 0

After the sample items have been selected, the auditor conducts the planned audit procedures on the logical units containing the selected euro sampling units. The misstatements detected in the sample must be projected to the population. Let’s look at the following example:

50 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 657 | Lượt tải: 0

In conducting a statistical sample for a test of controls, auditing standards require the auditor to properly plan, perform, and evaluate the sampling application and to adequately document each phase of the sampling application.

47 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 942 | Lượt tải: 0

A major consideration for the external auditor is how much work is to be performed by others. In determining the extent to which the auditor may use the work of others, the auditor should: (1) evaluate the nature of the controls subjected to the work of others, (2) evaluate the competence and objectivity of the individuals who performed the work...

38 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 650 | Lượt tải: 0