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Author Question: When a client uses perpetual inventory records, the tests of details of balances for inventory can ... (Read 111 times)

kmoyer2

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on: Aug 21, 2022

Question 1

The test of transactions which requires one to "reconcile recorded cash disbursements with the cash disbursements on the bank statement" satisfies the objective of
◦ occurrence.
◦ completeness.
◦ accuracy.
◦ posting and summarization.

Question 2

When a client uses perpetual inventory records, the tests of details of balances for inventory can be significantly reduced if the auditor believes the records are accurate. The controls over the acquisitions included in the records are normally tested as a part of the
◦ tests of controls for acquisitions.
◦ tests of controls and substantive tests of transactions for acquisitions.
◦ tests of details of balances for acquisitions.
◦ analytical procedures and tests of controls for acquisitions.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by kmoyer2 on Aug 21, 2022

bball_babe_123

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kmoyer2

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Reply 2 on: Aug 21, 2022
:D TYSM

anyusername12131

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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