0
1. Look through unpaid invoices - look at the description of the services provided, and invoices date, Delivery Order date
2. Look at payment voucher after year end to find out the expenses that should be recorded in prior period, if any
3. Sent confirmation to suppliers to confirm the amount outstanding as at year end
4. Look at the expenses account, for potential indication of services which should be accrued in current year Profit & Loss - specifically payroll and vacation.
5. Perform cut off test.
What else can I help you with?
Where can one find job vacanies in Telecom auditing?
Telecom auditing is a very profitable business in today's economy. Find job vacancies in telecom auditing is not very hard. Looking in local newspaper wanted ads is a good start.
In total owners equity are liabilities included?
No, Liabilities are not included in the total OE. Remember the account equation... Assets = Liabilities + Owners Equity If you have the total of your Assets and Liabilities, to find your OE then the equation would be written as this.. Assets - Liabilities = OE
Where could one find assistance with security auditing?
For computer security auditing, you could find assistance from service providers like IBM or HP, they can provide custom software. In current Microsoft Windows systems, there are auditing logs available that can be reviewed by IT specialists.
Explain auditing notes in detail?
Find the best economics, auditing and management notes at Campus Connect. We are one of the best universities in Johannesburg that offers the best economics, auditing and management notes. Contact us now!
Where can one find internal auditing services?
One can find internal auditing services mostly online. The following are some examples; Internal Audit Services, Grant Thornton, and Alberta Treasury board and Finance.
What is the purpose of auditing system security settings?
the purpose of this is to find any misconfiguration
How can one determine the total liabilities and equity of a company?
To determine the total liabilities and equity of a company, you can look at its balance sheet. The balance sheet shows the company's assets, liabilities, and equity. Liabilities represent what the company owes, while equity represents the ownership interest in the company. By adding up the total liabilities and equity listed on the balance sheet, you can find the company's total liabilities and equity.
How can one find current liabilities in a company's financial statements?
To find current liabilities in a company's financial statements, look for items such as accounts payable, short-term loans, accrued expenses, and other obligations that are due within one year. These can typically be found on the balance sheet under the liabilities section.
What is the revaluation expense account?
Revaluation account is the account which is used to revaluate the assets and liabilities in business from time to time to find the actual value of assets and liabilities shown in balance sheet.
Where can a person find accounting auditing jobs online?
There are many accounting auditing jobs that can be found online. Career sites include Monster, Jobs and Freelancer. These websites offer the option of submitting one's resume directly.
How do you solve for liabilities when only given assets?
To solve for liabilities you have to have assets and owners equity. If you are given these two balances, then to find liabilities remember the accounting equation.Assets = Liabilities + Owners Equity (Stockholders Equity)Rearrange the equation to findAssets - Owners Equity = LiabilitiesFor example if you haveAssets 500 = Liabilities X = Owners Equity $300Assets $500 - OE $300 = Liab. $200The equation original form would look like this.$500 = $200 + $300If you are not given at least two balances, there is really no way to figure the Liabilities.
Where can you find the answers to the discussion questions for Auditing and Assurance Services 14th edition?
You can typically find answers to discussion questions at the end of the corresponding chapter in the textbook. Alternatively, some instructors may provide answer keys or additional resources on online platforms like course management systems. If you are unsure, it is best to ask your instructor for guidance on where to find these answers.
