please tell me about, how to write procedures. i mean they did not click my mind when i read scenerio. is there any particular formula, through which i can write them. or are there some pet procedure, which may fit in every kind of cituation??? Please help me out
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Audit Proceduresures
15y ago#1Think of the financial statements assertions.
Ask yourself, how to prove the assertions, if you are an audit manager, using:
Inquiry
Observations
Analytical Procedures
Physical Inspections
External confirmation
Recalculation
Reperformance
Ask yourself, how to prove the assertions, if you are an audit manager, using:
Inquiry
Observations
Analytical Procedures
Physical Inspections
External confirmation
Recalculation
Reperformance
15y ago#2That's good enough. You could use the ACCA COVER mnemonic, but the above answer will get you enough
thinks of a management documents u can verify.
the state its reason.
the state its reason.
15y ago#4can anyone assist with any mnemonic that could be used for questions relating to audit evidence.
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