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Helloooo
I know this is abit late to be posting this but does any one have easy ways for remembering audit procedures forRecievables, payable etc, etc as i’m still confused about the audit procedures following them and im making alot of mistakes following the past paper…in short i’m still not so sure about the procedures… does any one have any mnemonics where i can learn easily since the exam is just in about 10 days….. THANKYOU!!!!!!!!
Thanks alot.Recieveable
Key schedule: Aged debtors listing,
Key assertions: Occurence, Existence, Valuations
Special test: Debotrs circulation(debit and credit entries) and bad debts reviews,Creditors
Key Schedule: Aged creditors listing
Key assertions: Completeness
Special test: supplier statementsThis is how i studied both the chapters they are small pointers but help a lot
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