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audit procedure

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › audit procedure

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by Anonymous.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • October 14, 2012 at 5:59 pm #54699
    Vipin
    Member
    • Topics: 151
    • Replies: 374
    • ☆☆☆☆

    cast the list of trade payable.

    what they mean by casting??

    October 16, 2012 at 2:46 am #105579
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 3
    • ☆

    As per context, cast is a measure undertaken to verify the mathematical accuracy of accounts.

    “cast a list to ensure mathematical accuracy”

    Cast, in this case is a verb.

    One of the online definitions available is;

    to compute (figures or a total) .

    So, my assumption is that this means that the list is computed perhaps by the means of CAATs? Please correct me if I am wrong in any way.

    October 16, 2012 at 2:47 am #105580
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 3
    • ☆

    Strange, why are these options to use bold and “linking” available if they don’t function?

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