Tests of controls and substantive tests of transactions

Assignment Help Auditing
Reference no: EM13884268

1.Explain the relationships among the initial assessed control risk, tests of controls and substantive tests of transactions for cash disbursements, and the tests of details of cash balances. Give one example in which the conclusions reached about internal controls in cash disbursements will affect the tests of cash balances.

Reference no: EM13884268

Questions Cloud

Must meet certain initial requirements. : 1.Before a company can begin trading on an exchange, it must meet certain initial requirements.
Analyze the pattern of the r-chart. : Analyze the pattern of the R-chart.
Write a summary on given topic : Write a summary (250-500 words) in which you: Describe the theory and your rationale for selecting the theory. Discuss how the theory works to support your proposed solution.
Metric tons per year of cyclohexane : The catalyst is in the form of 1/16th inch (1.588 mm) beads with average bulk density of 700 kg/m3 . Design, size, and cost a reactor for making 200,000 metric tons per year of cyclohexane using this process.
Tests of controls and substantive tests of transactions : Give one example in which the conclusions reached about internal controls in cash disbursements will affect the tests of cash balances.
Concentrate on the separation of the water and aniline : Design a decanter for this duty, for a feed rate of 3500 kg/h. Concentrate on the separation of the water and aniline. The densities of water-aniline solutions are given in Appendix F, Problem F.8, available in the online material at booksite.Else..
Describe how the concept of multifactorial etiology relates : Describe how the concept of multifactorial etiology relates to the natural history of disease and the different levels of prevention
Relationships among the initial assessed control risk : Give one example in which the conclusions reached about internal controls in cash disbursements will affect the tests of cash balances.
Result in a loss of production : The estimated cost of the pipes, per unit length is: schedule 40 carbon steel $5, schedule 80 carbon steel $8.30, stainless steel (304) schedule 40 $24.80. Installation and fittings for all the materials adds $16.5 per unit length. The downtime re..

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd