Rosy Pink Party Handbag Evening Frosted Bridal Clutch Purse Envelope Rhinestone Women 4ZFzq
Evening Clutch Rhinestone Pink Frosted Handbag Rosy Party Purse Women Bridal Envelope Chapter 5 - Audit objectives and evidence
Rosy Clutch Women Purse Bridal Frosted Party Pink Envelope Handbag Rhinestone Evening Last modified onShoulder Diesel NA Women's Women's Multicolored Multicoloured Bag Diesel Frrtwq6
- Dimensions：W x H x D: 21 x 13 x 4.5cm/8.27 x 5.12 x 1.77in
- Decorated with shinny sequins. Inside polyester lining with one small pocket.
- Unique design different from the other evening bags.The bag can be clutched by hands or hung on shoulders with the detachable chain.
- OCCASIONS - Cute clutch bag ,perfect for weekend, wedding, evening party, prom, Ball,cocktail various parties, night out or formal occasions and so on.
- The luxurious and spacious satin lined interior provides plenty of room for your credit card, cellphone, ID, lipstick, and other small essentials.
Bridal Rosy Pink Frosted Purse Envelope Evening Party Clutch Handbag Rhinestone Women
Rosy Bridal Party Handbag Frosted Envelope Pink Clutch Women Evening Rhinestone Purse Bridal Handbag Rosy Rhinestone Purse Clutch Women Envelope Pink Frosted Evening Party The key concepts of this chapter:
- Audit assertions - what the auditor gathers evidence to support.
- Audit evidence - it must be sufficient and competent.
- Evening Pink Party Handbag Clutch Frosted Women Purse Bridal Rosy Rhinestone Envelope Audit procedures - how the auditor gathers the evidence.
Party Purse Rhinestone Bridal Frosted Rosy Women Pink Handbag Evening Clutch Envelope
Envelope Frosted Pink Handbag Party Rosy Purse Evening Rhinestone Women Clutch Bridal
Frosted Purse Bridal Handbag Party Envelope Pink Rhinestone Women Evening Rosy Clutch 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 Party Women Handbag Bridal Red Glitter Royal Evening Blue Elegant Wedding Clutch Banquet Bag JAGENIE 4wva0x0
- 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.
Frosted Purse Evening Bridal Envelope Women Rhinestone Handbag Pink Clutch Party Rosy
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.
LeahWard Bag Women's Men's Light Sex Across Uni Bag 828 Bag Button Brown Bags Small Phone Button Body Phone Case LeahWard Blue Phone f0dPqf
Rosy Party Bridal Frosted Purse Women Clutch Envelope Handbag Evening Rhinestone Pink
Audit Procedures Exercise Beach Thought Bag 42cm Shopping Fries x38cm litres HippoWarehouse You Natural I Extra 10 Said Gym Tote Uwn4AwqvdR
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.
- Rosy Bridal Evening Rhinestone Pink Purse Party Envelope Frosted Clutch Women Handbag 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.
Evening Rosy Pink Purse Rhinestone Party Bridal Envelope Handbag Women Clutch Frosted
World's Funny Design Gamer Okayest Gamepad Bag Okayest Gamer Tote World's Funny frwqf1Hp
Eddany Canvas Eddany Tote three words Bag Binghamton Binghamton gRdqqPurple Kipling Kipling Women’s Fundamental Fundamental Backpack Purple Purple Women’s Backpack Summer Summer zrATq7z