• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Audit Procedures

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Audit Procedures

  • This topic has 2 replies, 2 voices, and was last updated 14 years ago by Ken Garrett.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 11, 2010 at 1:28 pm #45886
    Anonymous
    Inactive
    • Topics: 5
    • Replies: 2
    • ☆

    In the circularisation of selected recievables, We have to record the names and amounts, Plzz tell me weather those amounts are recorded prior to circularisation or after the circularisation.
    We already record the replies recieved in the end

    November 12, 2010 at 5:05 pm #70402
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    The amounts are recorded before the circularisation. Indeed, you would normally base the sample of customers you circularise on the amounts using stratified sampling to ensure all major receivable balances are included (plus a selection of smaller balances, zero balances, all old balances and usually all Cr balances.

    The replies received are then compared to the amounts you noted and any differences investigated.

    HTH

    November 12, 2010 at 5:06 pm #70403
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    The amounts are recorded before the circularisation. Indeed, you would normally base the sample of customers you circularise on the amounts using stratified sampling to ensure all major receivable balances are included (plus a selection of smaller balances, zero balances, all old balances and usually all Cr balances.

    The replies received are then compared to the amounts you noted and any differences investigated.

    HTH

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • osman-the-zephyr@ on MA Chapter 1 Questions Accounting for Management
  • adebusola on MA Chapter 1 Questions Accounting for Management
  • Sharith on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • Sharith on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • John Moffat on Discounted Cash Flow Further Aspects, Replacement – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in