Ch. 8

5 Pages

Financial Accounting
Course Code
Julie Mc Donald

This preview shows pages 1 and half of page 2. Sign up to view the full 5 pages of the document.
Chapter 8 + asgt Make some assessment Decide whether or not to rely on controls or evaluate them Some diagram on google for business function Decide on evaluation whether going to rely on controls Make up controls Conclusion for controls dictate audit plan in future If you say controls great, then conflicts with plan in future, does not make sense of substantive tests all the way through Assumption at the top, quick little blurb Continuous process Dont spend a lot of time making up scenario Required on file most important Int control questionnaire could be used, but need to filled up portion Conclusion made must be carried forward Use questionnaires or templates from firms or online Dont give blank sheet not filled in Cite where got it Think it through in relation to company youre auditing Step by step each audit Some have inv, some dont Some have obscelence issues Only cash sales Look at company and put in shoes of industry Keep it easy, dont make up huge story
More Less
Unlock Document

Only pages 1 and half of page 2 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.