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Hi,
May I be clarified, is “cast schedule” almost the same as “perform proof total”?
Thank you!
Proof total is the calculation of any accounting balance envolving judgement
(E.g depreciation) performed by auditor and then it is compared to actual balance calculated by management..to know whether any significant difference arise to be invetigated..if i’m not wrong ..?I think the term you mean is ‘proof in total’, not ‘proof total’. See:
“A substantive audit programme should include: Agree total wages and deductions per selected payrolls to the amounts recorded in the individual general (nominal) ledger accounts. Perform analytical procedures such as proof in total by using number of employees and average wage. Investigate any significant fluctuations.
The audit of wages | Students | ACCA | ACCA Global
http://www.accaglobal.com › technical-articles
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