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Instructions: Complete each by indicating type of evidence and assertion ( s ) tested. Reminder: There should only be one BEST answer for Type of
Instructions: Complete each by indicating "type of evidence" and "assertions tested." Reminder: There should only be one BEST answer for "Type of Evidence;" however, for "assertions tested" there can be one or more than one. You are to identify ALL relevant assertions tested by each audit procedure. Make sure to submit with the other three homework problems from the textbook: for Homework assignment #
tableAudit Procedures,Type of Evidence,Assertions Tested,tableExamine a sample of sales invoicesto determine whether they arerecorded into the correct revenueaccountstableCompare dates on a sample ofvouchers with the datestransactions were recorded in thepurchases journal.tableAgree significant longterm assetadditions and dispositions from thePP&E subsidiary ledger to vendorinvoices and other supportingdocumentation eg legaldocumentstablePhysically examine a sample ofcapital assets and trace them to thePP&E subsidiary ledger.tableRecalculate depreciation for asample of capital assets.tableAgree a sample of salestransactions from the sales journalto the sales invoices and shippingdocumentstableAgree a sample of shippingdocuments and sales invoices tosales journal.tableTrace sample of subsequentpayments to recorded AP ie APsubsidiary ledgertableAgree selected amounts from theAP subsidiary ledger to vendorinvoices and receiving documents.
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