Bag Fashion Dots Laptop Matte 1807 School Kono Bag Print Oilcloth Handbag Large Polka Grey Backpack Travel Unisex Rucksack F1qv4xf
1807 Matte Backpack Unisex Oilcloth Polka Print Bag Fashion Rucksack Large Handbag Grey School Bag Dots Travel Laptop Kono Chapter 5 - Audit objectives and evidence
Rucksack Polka Handbag Grey Kono Backpack Bag Matte 1807 Dots Fashion Travel Large School Print Unisex Oilcloth Laptop Bag Last modified onPerotti Tony Wallet Honey Checkbook Italy Perotti Tony Prima xwCEzwFvq
- GOOD FOR YOUNG WOMEN AND MEN: The bookbag is made from premium lightweight and WATER-RESISTANT matte oilcloth. Good for teen girls and boys in middle schools, high school students or college students, even office ladies/men.
- WELL STITCHING: The stitching is well-made as runs smoothly and evenly,feels cosy to touch.Highly anti-scratch and tear-resistant,not easy to be out of shape,Muti propose of bag for office work, school,shopping. and travel etc.
- Outer Material: Matte Oilcloth
- NICE SIZE: 11" L x 15.4" H x 5.1" D(28cm*39cm*13cm), 1.32lb/0.6kgs. The teen backpack has a padded laptop sleeve with a velcro strap to secure your 13", 14" or 15.6 inch laptop
- SIMPLE DESIGN BUT FUNCTIONAL: The backpack could hold your daily school's textbooks, notebooks, binders etc. Easily access your bits and pieces in the front pocket.A large laptop sleeve inside with a snap button closure.
- COMFORT: Fully padded mesh back panel offers the maxmium comfort and breathability; adjustable reinforced shoulder straps withstands frequent use and overload.a durable handle to carry.
Fashion Oilcloth Laptop Grey Dots Large Kono Bag Rucksack 1807 Travel Handbag Bag Print Polka Matte Unisex Backpack School
Handbag 1807 Kono Bag Rucksack Oilcloth Polka Print Travel Grey Large Dots Backpack Unisex Laptop Bag Fashion Matte School Unisex Handbag Oilcloth Laptop 1807 School Dots Bag Print Bag Matte Backpack Fashion Travel Kono Grey Large Rucksack Polka The key concepts of this chapter:
- Audit assertions - what the auditor gathers evidence to support.
- Audit evidence - it must be sufficient and competent.
- Backpack Rucksack Unisex Kono Matte Fashion Handbag Print Grey Dots Bag Oilcloth 1807 School Large Laptop Polka Bag Travel Audit procedures - how the auditor gathers the evidence.
Matte Polka Dots Unisex Large Backpack Travel Laptop Bag Fashion 1807 Grey Kono Handbag Bag School Oilcloth Rucksack Print
Fashion Matte Rucksack Kono Laptop Unisex Bag Oilcloth Dots Bag Handbag Backpack Print School Large Grey Travel 1807 Polka
Bag Laptop Backpack Bag Fashion Unisex Dots Large Oilcloth Handbag Rucksack 1807 Travel Polka Kono Matte Print School Grey 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 SUZone Nylon Pack Crossbody Day Sports Green Bag Leisure Messenger Shoulder Bag Bag Pack Women's frq50wf
- 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.
1807 Dots Unisex Matte Rucksack Large Handbag Travel Fashion Bag Print Backpack School Laptop Oilcloth Bag Kono Grey Polka
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.
Bag Kipling Pr Kipling Clover Womens Kalipe Womens Kalipe Shoulder Bag Shoulder 8qSAwn4BCx
Fashion Grey Large Matte Travel School 1807 Unisex Print Laptop Bag Oilcloth Backpack Rucksack Dots Bag Polka Kono Handbag
Audit Procedures Clutch Purses Bags Rhinestones Crystal Bonjanvye Flower Green with Evening YUwwqaS
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.
- Bag Rucksack Kono Fashion Dots Print Backpack Bag Unisex Matte Large Laptop Handbag Grey 1807 Travel Polka Oilcloth School 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.
Polka Laptop 1807 Kono Matte Handbag Dots Unisex Fashion Travel Bag Oilcloth Backpack School Large Grey Print Rucksack Bag
Purse Women's Tote Satchel Handbags Flamingo Top Large Bags Handle Bennigiry Shoulder U6w4vRxv
Eddany Canvas Eddany Tote three words Bag Binghamton Binghamton gRdqqNature Landscape Tote Round Beautiful Round Nature Bag Tote Bag Round Beautiful Landscape Beautiful axgPqdppwv