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What evidence should be used/obtained in completing the following tasks? 1 Auditor would like to verify the amount of cash in the Fifth Third Bank
What evidence should be used/obtained in completing the following tasks? | |
1 | Auditor would like to verify the amount of cash in the Fifth Third Bank operating account at December 31, 2019 |
2 | Auditor would like to see that client is in fact building a new headquarters |
3 | Auditor would like to determine whether the inventory quantities are appropriate |
4 | Auditor would like to determine whether the assigned inventory costs per unit are appropriate |
5 | Auditor needs to determine the current portion of debt |
6 | Auditor needs to get an understanding of the inventory controls in place for receipt of goods |
7 | Auditor would like to understand why sales declined so much during the year |
8 | Auditor would like to gain a further understanding of how the client calculates their allowance for doubtful accounts |
9 | Auditor would like to determine whether the client correctly catagorized the AR Aging |
10 | Auditor would like to compare production volumes in order to gather expectations for auditing inventory |
Word Bank |
Inspection of documents |
inspection of assets |
observation |
Inquiry from CFO |
confirmation sent from 3rd party |
recalculation of data |
reperformance |
analytical procedures |
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