Question
Type of audit tests: facilitated meeting, Interviewing, questioning, observation and inspection, documentation review, confirmation/ representation, analytical review, data analysis, vouching and verifying , process mapping,
Type of audit tests:
facilitated meeting, Interviewing, questioning, observation and inspection, documentation review, confirmation/ representation, analytical review, data analysis, vouching and verifying , process mapping, process tracing, surveys, scanning, reconciliation and recalculation and valuation
Using above test degeminate the two best test for each assurance engagement control that, in your judgment, are most appropriate to gather the required evidence. Briefly explain why you selected each test and describe what evidence you are trying to obtain from each test. For your response, you can create a chart.
Determine if there is an issue with excess, obsolete or unsaleable inventory.
Determine if there are inventory shortfalls vs. what is shown in the general ledger.
Determine if there are issues with late shipments or errors in what material is being shipped to customers.
Determine if there are material issues with the quality of the companys finished products.
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