Question
You are the external auditor of Bunny Sdn Bhd (Bunty) for the year ending 31 December 2020. The audit firm?s data analytics software has shown
You are the external auditor of Bunny Sdn Bhd (Bunty) for the year ending 31 December 2020. The audit firm?s data analytics software has shown the following statistics, relating to journal entries, using data provided by Bunny.
The statistics shows the total value (analyzed by time of posting), average value and department for each employee who has posted journals during the year.
Required
- Using the statistics, identify and explain the matters, which you consider, require further investigation.
Total value '000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 L. Hicks (Finance) Posted 9am-6pm Mi M. Albus T. Kama (Finance) (HR) Posted 6pm-9am A. Nagini (Finance) 100 90 80 70 60 50 40 30 20 10 0 N. Flamel (Board) -Average value Average value '000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
In this case there are 5 employees who are preparing journal entries and the timings and values of the entries are captured in the above graph It is a...
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Step: 2
Step: 3
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
