Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve it as same as the type of procedure and the type of evidenc. Please don't give me another words. Question 3:_(C1&C2&C3) (10 Marks) Read
Solve it as same as the type of procedure and the type of evidenc. Please don't give me another words.
Question 3:_(C1&C2&C3) (10 Marks) Read the following statements carefully: 1- Confirm customers' balances. 2- Compare inventory turnover of the company with industry data. 3- Recalculate the allowance of Accounts receivables. 4- Vouch sales journal entries to sales invoices. 5- Inspect Bank statement in the client's file. 6- Trace sales invoices to account receivable ledger. 7- Ask payroll department to make report about the calculating criteria of the over time. 8- Inspect the disclosure of inventories in the financial statements. 9. Ask management about inventories the client has legal title on it. 10-Observe that Inventory quantities include all products, materials, and supplies on hand. Instructions: 1-Indicate the type of Procedure for each statement. 2-Indicate the type of Evidence for each statement. No. Type of Procedure Type of Evidence 1 2 3 Reperforming Mathematical 4 Vouching Documentary 5 Inspecting Documentary 6 Tracing Documentary 7 Inspecting Written representation 8 Inspecting Analytical Evidence 9 Inspecting Oral 10 Observing PhysicalStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started