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Accuracy?Occurence ?or Both ?

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Accuracy?Occurence ?or Both ?

  • This topic has 2 replies, 3 voices, and was last updated 9 years ago by Avatarlam.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 13, 2016 at 9:10 am #322694
    AvatarPaul
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    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

    June 23, 2016 at 11:26 am #323887
    Avatarasuccessbright
    Member
    • Topics: 1
    • Replies: 10
    • ☆

    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.

    August 31, 2016 at 3:33 am #336421
    Avatarlam
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    LOL!!
    Very good way to apply knowledge in real life

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
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