We're Open
+44 7340 9595 39
+44 20 3239 6980

Audit Program Design Part II

  100% Pass and No Plagiarism Guaranteed

Audit Program Design Part II

Audit Program Design Part II

INSTRUCTIONS:

Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles: Sales and collection cycle Payroll and personnel cycle Acquisition and payment cycle

CONTENT:
Audit Program Design Part IINameCourseInstructorDate Designing tests of controls, substantive tests of transactions and analytical proceduresWhen designing tests of controls, substantive tests of transactions and analytical procedures it is necessary to first understand the business risks and internal control system (Puncel, 2008). This enables the auditor to set tolerable misstatements as well as assess control risk in the three cycles. The transactions related to accounts in the sales and collection cycle, payroll and personnel cycle and acquisition and payment cycle should be recorded in the right periodSales and collection cycleIn utilizing the tests of controls and substantive tests on the sales and collection cycle, there audit should focus on completeness, timing, classification, accuracy, posting and summarizationTest of controlThrough examining sales invoice, customer orders, and monthly statements, the auditor will verify existence of transactions In order to verify that accuracy, classification of transactions and completeness, and the tests of control will focus on shipping documents and compare with monthly statements. In order to verify timing and posting, the test of control will focus on timing for documents related to shipping, while the master file will be examined and compared with monthly statements to verify summarization of accounts receivables. Substantive testsIn verifying existence, the substantive tests will involve checking sales invoice and comparing with monthly statements. This will also include checking the master file to detect whether there are unusual sales transaction...

100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates

Details

  • Title: Audit Program Design Part II
  • Price: £ 99
  • Post Date: 2021-09-13T07:03:48+00:00
  • Category: Essays
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

Audit Program Design Part II Audit Program Design Part II
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

The support team is quite friendly and gives you the best solutions. I literally came here crying and went smiling like an idiot. My HR assignment is written beautifully with all the specifications I wanted. This is the best platform to get helped in assignments for me. All the people are supportive. Keep it up you all!
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

This is my second order which I booked recently at Insta Research. I just got my coursework completed expertly. Just waiting for good scores now.