Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need this asap plz, auditing, urgent!! The following information is obtained by the audit trainee during the audit of a garment manufacturing company:- Audit

i need this asap plz, auditing, urgent!!

image text in transcribed
The following information is obtained by the audit trainee during the audit of a garment manufacturing company:- Audit objectives Audit procedures performed To ensure the existence of Agreed the individual debtor balance to the debtor debtors statement generated by the client's computerized accounting systeme (2)+ To ensure the accuracy of Recalculated the amount billed on the sales amount billed to invoice customers (3) To ensure the accuracy of Tied quantity in inventory ledger to the final stock the quantity of inventory list - held at warehouse at year- end date+ (4) To ensure the accuracy of Make a phone call to the creditor and confirmed creditor balances the balance over the phone (5)+ To ensure the legal Inspected photocopies of share certificates ownership of investment securities+ Required:+ Suggest ways to improve the reliability of these audit evidence, if appropriate. (5 marks) Audit Objectives 4 Suggestions for improvement (list out the item numbers)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

10th Edition

1119791081, 978-1119791089

More Books

Students also viewed these Accounting questions

Question

2. What we can learn from the past

Answered: 1 week ago

Question

2. Develop a good and lasting relationship

Answered: 1 week ago