0
What substantive procedure would you perform in the audit of revenue?
Wiki User
∙ 11y ago
Mostly Analytical procedures are performed when verifying Sales / Revenue
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Who perform audit?
C.A. chartered acountant to perform the audit
How applied the audit procedure in PIA?
audit procedure we mean that those petren in which we prepare the audit report.
An auditor traced a sample of purchase orders and the related receiving reports to the purchases journal and the cash dispursements journal The purpose of this substantive audit procedure most likely?
Determine that purchases were properly recorded.
When to use substantive test and test of controls during audit of entity?
When there is material misstatement
Why do Auditors use Substantive Procedures?
Substantive procedures performed by the auditor during the substantive testing stage of the audit that gather evidence as to the completeness, validity and/or accuracy of account balances and underlying classes of transactions.
Audit procedure for letter of credit?
The audit procedure for letter of credit ensures the compliance of sanctions and post sanction procedures.
Who Perform operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
Is tax audit a statutory audit?
no because tax audit is perform to fair tax calculation and payment purpose.and statutary audit is perform as per company act.it is mandatory but above the prescribe limit satish pathak
What is audit plan?
Audit planning is a procedure which is used to see and prevent potential problems. This is done at the beginning of an audit process.
How far back can revenue Canada audit?
six years
How do you audit a procedure?
If there is no paper trail ask questions of persons performing the procedure
Procedure for system audit?
The procedure for a system audit begins with planning. The controls are then studied and evaluated. Reporting then begins and is followed by any follow up procedures.
