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What is the difference between auditing around and auditing through the computer?

AUDITING THROUGH THE COMPUTER describes the various steps taken by auditors to evaluate client's software and hardware to determine the reliability of operations that is hard for human eyes to view and also test the operating effectiveness of related computer controls, e.g., access control WHILE AUDITING AROUND THE COMPUTER is one of the several methods that auditors can use to evaluate a client's computer controls. It involves picking source documents at random and verifying the corresponding outputs with the inputs. The client's computerized information system processes the 'test transaction'. For example, multiplying unit price with the number of products sold to ensure that the total revenue figure is correct.


What are the procedures of auditing work in progress?

Procedures of auditing work in progress are listed/ cutoff analysis, observe the physical inventory count, reconcile the inventory count to the general ledger, test high-value items, test error-prone items, test inventory in transit, test item costs, review freight costs, test for lower of cost or market, finished goods cost analysis, direct labor analysis, overhead analysis, work-in-process testing, inventory allowances, inventory ownership, and inventory layers.


What is meant by auditing?

auditing is a review process,usually of accounting procedures


How auditing begins where accounting ends?

Auditing begins where Accountancy ends.


What is an example of control risk in auditing?

Improper segregation of dutiesInadequate training to perform functionImproper upper level management reviewdouble payment of invoices

Related Questions

How do you control a company?

by auditing of procedures , operation and results we can control a company


How does the memo on test of controls in Auditing?

The audit manager


What is detail tie-in?

A Test in auditing that test the articulation of the same number in different parts of the report.


What has the author James Roth written?

James Roth has written: 'Four approaches to enterprise risk management' -- subject(s): Auditing, Internal, Internal Auditing, Risk management, United States 'Adding value' -- subject(s): Accounting, Auditing, Internal, Internal Auditing, Value added 'Control model implementation' -- subject(s): Auditing, Internal, Case studies, Internal Auditing


What are the different types of control?

1,internal control i,ewhen looking at the managing systems in the business and auditing 2,birth control i.emethods of preventing to conceive or bearing


What has the author G D Green written?

G. D. Green has written: 'ISO 9000 quality systems auditing' -- subject(s): Auditing, ISO 9000 Series Standards, Quality control


What is the difference between auditing around and auditing through the computer?

AUDITING THROUGH THE COMPUTER describes the various steps taken by auditors to evaluate client's software and hardware to determine the reliability of operations that is hard for human eyes to view and also test the operating effectiveness of related computer controls, e.g., access control WHILE AUDITING AROUND THE COMPUTER is one of the several methods that auditors can use to evaluate a client's computer controls. It involves picking source documents at random and verifying the corresponding outputs with the inputs. The client's computerized information system processes the 'test transaction'. For example, multiplying unit price with the number of products sold to ensure that the total revenue figure is correct.


What does Section 103 of Sarbanes-Oxley require?

Section 103: Auditing, Quality Control, And Independence Standards And Rules


What is compliance and substantive test in auditing?

In compliance testing you check the design, implementation and operations of controls and substantive testing you actually verify the accuracy of the transactions e.g. test samples


How do you test a control module?

How do I test body control module and is it hard to do..


How do you test a body control module?

How do I test body control module and is it hard to do..


What has the author J Donald Warren written?

J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing