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you are auditing Bigtime ltd a very large manufacturing company for the year ended 30 june 2015. You have planned the following audit procedures:examining the
you are auditing Bigtime ltd a very large manufacturing company for the year ended 30 june 2015. You have planned the following audit procedures:examining the documentation that records the last goods received docket numbers.
1. Scrutinising the expense accounts inthe trial balance to determine what amounts should be capitalised as development costs.
2. Calculating accounts payble turnover and ensuring that it is reasonable compared with the previous year
3. Physically inspecting items of plant and equipment
4. Checking that the bonuses paid to employees have been calculated in accordance with formulae specified under the bonus scheme.
required:
For each of the above audit procedures, explain whether you could conduct the procedure using sampling.
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