Audit Procedures Use the purchase ledger to perform the following: Purchase Ledger 1. Select a sample of accounts and test check the entries into the books of prime entry, checking the additions and balances brought forward 2. Enquire into all contra items. Note any errors and weaknesses discovered for possible inclusion in a management letter Conclusions a) Critically examine the audit programme above taking into consideration the implied assertions that management is making and the related audit objectives. Tip In your review of the audit programme ask yourself what the result of each procedure will prove to you. Also be mindful that Tom Allen is new to the firm and it is your responsibility to provide proper training on audit related matters. Discuss the factors that affect the types of audit tests performed and give practical examples. Outline seven types audit procedures as well as describe which assertions these audit procedures address. Post your responses to the discussion forum and critically engage at least one of your peers regarding their own post. 3. 4. 5. Audit Procedures Use the purchase ledger to perform the following: Purchase Ledger 1. Select a sample of accounts and test check the entries into the books of prime entry, checking the additions and balances brought forward 2. Enquire into all contra items. Note any errors and weaknesses discovered for possible inclusion in a management letter Conclusions a) Critically examine the audit programme above taking into consideration the implied assertions that management is making and the related audit objectives. Tip In your review of the audit programme ask yourself what the result of each procedure will prove to you. Also be mindful that Tom Allen is new to the firm and it is your responsibility to provide proper training on audit related matters. Discuss the factors that affect the types of audit tests performed and give practical examples. Outline seven types audit procedures as well as describe which assertions these audit procedures address. Post your responses to the discussion forum and critically engage at least one of your peers regarding their own post. 3. 4. 5