1/

Explain why an audit team cannot use the same combination of audit procedures for every audit. 2/ What does interim testing mean? Give some examples of substantive tests that can be done before the end of the year. 3/ How can an auditor use results from procedures performed during the control risk assessment phase to affect the nature of substantive testing? 4/ How does the result of controls testing affect auditing of the processes affecting cash and the substantive testing of the cash balance? 5/ How would an auditor test the cut-off of inventory movements at year-end? 6/ Explain the difference between year-end and cyclical stocktakes. What conditions should exist at a client that conducts cyclical stocktakes? 7/ Explain how subsequent receipts tests provide useful evidence about debtors' valuations. 8/ Why is an auditor interested in the repairs and maintenance expense account when auditing the PPE asset account? Explain your answer with reference to the assertions at risk. 9/ Why is an auditor interested in PPE that is not currently being used or could become idle in the near future? 10/ Why would an auditor review directors' board minutes to gather information about assets that could be sold or become idle in the future? 11/ Explain why completeness is a more critical assertion for liabilities than for assets. What procedures are primarily designed to address the completeness assertion for payables? 12/ Explain why gathering evidence about the occurrence assertion for a set of transactions could also provide evidence for the completeness assertion for a balance sheet account. Provide an example. 13/ Explain why provisions are difficult to audit by control testing.