Describe some alternative internal audit procedures

Assignment Help Financial Accounting

Reference no: EM133265505

There were significant differences of opinion within the audit team as to the appropriate course of action. After much debate within the audit team, the final audit report recommended returning to the previous claims service procedures, with minor modifications, to avoid the problems associated with the revised procedures. The additional review procedure recommended in the report was a computer scan of company records to ascertain any previous claims by the 20 claimants and the nature as well as the number of prior claims.
Describe some alternative internal audit procedures the audit team might have chosen to those procedures the team performed. Do you consider your procedures to be superior to the ones chosen? If so, why?

Reference no: EM133265505

Questions Cloud

Would you recommend the proposed? change : FIN 450 Grand Canyon University are bad debts in dollars currently and under the proposed? change - would you recommend the proposed? change

Investment audit. real and actual audit procedures : Investment Audit. REAL and ACTUAL audit procedures are needed. Find errors and Include audit procedures and financials statement assertions

Containing the token class and semantic value of the token : Write driver program that outputs one token per line containing the token class and semantic value of the token;

Discuss the implications of the proposed relaxation : Discuss the implications of the proposed relaxation of credit terms to customers from 30 days to 45 days on Cochlear's working capital management

Describe some alternative internal audit procedures : Describe some alternative internal audit procedures the audit team might have chosen to those procedures the team performed. Do you consider your procedures

Identify four stages of strategic planning cycle : Identify four stages of strategic planning cycle and briefly explain how each stage of strategic planning cycle affects the budgeting operations of a company.

Shows total number of orders by customer : Create a query that shows the total number of orders by Customer, query must include the count of order, company name, and country.

Difference between wonder woman''s dreams of the amazon : ENGL 1302 Lone Star College System, Woodlands difference between Wonder Woman's Dreams of the Amazon by Jeannine Hall Gailey and The Flash Reverses Time by A.

What do you call an income remaining after direct costs : HTM 440 Seneca College What do you call an income remaining after direct costs are subtracted from sales revenue, which is available to pay indirect costs

User Account

All Pages