Recalculation
Recalculation checks the mathematical accuracy of documents or records, manually or using automated tools. The auditor also considers whether the underlying inputs and method are appropriate.
Worked example
The auditor independently recalculates a loan’s interest from the balance, rate and period.
Common mistake
Correct arithmetic does not establish that the rate or underlying balance is valid.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |