Explain what is meant by recalculation and reperformance. Give an example of each type of audit evidence.

Question:

Explain what is meant by “recalculation” and “reperformance.” Give an example of each type of audit evidence. Why are recalculation and reperformance often dual-purpose tests?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

See More Books

Question Posted: Dec 17, 2015 06:28 AM

See More Questions

Give an example of each type of demand.
Explain what is meant by interest rate risk.
Explain what is meant by reinvestment rate risk.
1.3 WANEFMAC7 1.3.007. Find the equation of the given linear function. \[ f(x)= \] WANEFMAC7 1.3.015. Find the slope of the given line, if it is defined. (If an answer is undefined, enter UNDEFINED.)...
While selenic acid has the formula H2SeO4 and thus is directly related to sulfuric acid, telluric acid is best visualized as H6TeO6 or Te(OH)6. a. What is the oxidation state of tellurium in Te(OH)6?...
Suppose that you observe a random sample of size n from a normally distributed population. If you are able to reject H0: = 0 in favor of a two-tailed alternative hypothesis at the 10% significance...
Do we have a good relationship with our employee unions?
On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates it will use this equipment for four years, during which time it...
If an investor deposits $800 into an account every 2 months at an interest rate of 9 per year compounded continuously, answer the following questions 1. What is the payment period PP? 2. What is the...
In 2017, DelCano Properties paid $540,000 for a tract of land on which two buildings were located. The plan was to demolish Building A and build a new factory (Building C) in its place. Building B...
As explained in this chapter and in previous chapters, revenue recognition is likely to have the potential for material misstatement at most audits. Recall that orders for cleaning are placed two or...
An auditor may perform tests of controls and substantive procedures simultaneously as a matter of audit convenience. However, the substantive procedures and sample size are, in part, dependent upon...
Refer to Data Set 15 in Appendix B. The axial loads are the weights that were applied before the cans collapsed. Construct two separate frequency tables for the cans that are 0.0111 in. thick. In the...
A 447 gram cart (mA) slides along a very smooth track and collides with a stationary 475 gram cart (mB). A motion detector records the velocity of cart A, as shown in Figures 1 and 2. A force probe...
M8 Homework i Saved 1 Mayfair Company completed the following transactions and uses a perpetual inventory system. Help Save & Exit Submit Check my work 10 points eBook Print References June 4 Sold...
Free Response Table Problem x -6 -80 -4 -3 f(x) 1.948 1 0 -2 -2.005 -798 undefined -2 -1.995 0 1 1.995 2 2.005 6 80 802 4 3.333 3.001 undefined 2.998 2.5 2.048 23. The table above represents values...
5. [-/0 Points] DETAILS OSPRECALC1 2.2.106. Use algebra to find the point at which the line f(x) = -x 258 -X+ intersects the line h(x) = x+ 91 + 25 10 (x, y) = Additional Materiale MY N
What does the graph tells? from your own understanding. CoursHeroTranscribedText 136 DIVIDED ATTENTION COUNTED TIME BACKWARDS 134 1 2 3 130 136 UNDIVIDED ATTENTION COUNTED TIME BACKWARDS 134 5 132...
List some of the differences between an ORDBMS and an RDBMS.
Use the graphs of f and g to graph h(x) = (f + g) (x). To print an enlarged copy of the graph, go to MathGraphs.com. 1. 2. y 24 8. 2. -2 -2 4 6
Visit www.asbointl.org/MBA or www.asbointl.org/COE and review the information posted.
Following are some of the tests of controls and substantive tests of transactions procedures often performed in the human resources and payroll cycle. (Each procedure is to be done on a sample basis...
Explain why a combined audit approach is common for the human resources and payroll cycle.
Below is a transcript of a discussion between Fran, the audit manager, and AJ. FM: AJ, I heard that you like to play video games? AJ: Yes, I do. Why? FM: We need someone with good joystick control...
Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined that the shop...
Which of the following statement regarding a post-closing trial balance is not true
What are the benefits and potential risks factors for undertaking derivative strategies compared to cash transactions

Explain what is meant by recalculation and reperformance. Give an example of each type of audit evidence.

Question:

Step by Step Answer:

A reperformance procedure is an audit procedure in which the auditor performs t...View the full answer

Auditing The Art and Science of Assurance Engagements

Students also viewed these Auditing questions