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Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Accuracy?Occurence ?or Both ?
Dear OT Team,
Let’s make ACCA a little bit fun…
Last saturday evening i was sitting in a bar with my friends ,
two of them we both sat for F8 last week.
When the whiter brought us a bill, a friend checked it
and he was like i am checking it’s ACCURACY…
He has been making additions with his phone’s
calculator. i mentioned that yes the procedure he was doing
is RECALCULATION (to confirm arithmetical accuracy of the bill),
but we(3) argued on whether OCCURENCE would be the most
reliable assertion or ACCURACY?
Please share your views
hahahaha…..
I think RECALCULATION will be to confirm the arithmetical ACCURACY (figures). OCCURENCE will be checking to confirm that the number of bottles indicated on the bill were actually what you consumed. E.g. 2 bottles of Guinness, 5bottles of cola, etc.
LOL!!
Very good way to apply knowledge in real life