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- This topic has 7 replies, 3 voices, and was last updated 5 years ago by Ken Garrett.
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- February 22, 2019 at 3:32 am #506100
Hi,
May I be clarified, is “cast schedule” almost the same as “perform proof total”?
Thank you!
February 22, 2019 at 1:32 pm #506212‘Cast’ simply means ‘add up’.
February 24, 2019 at 5:22 am #506354How about proof total?
February 24, 2019 at 6:56 am #506359Not a term used much.
February 24, 2019 at 8:30 am #506368Proof total is the calculation of any accounting balance envolving judgement
(E.g depreciation) performed by auditor and then it is compared to actual balance calculated by management..to know whether any significant difference arise to be invetigated..if i’m not wrong ..?February 24, 2019 at 9:36 am #506375I think the term you mean is ‘proof in total’, not ‘proof total’. See:
“A substantive audit programme should include: Agree total wages and deductions per selected payrolls to the amounts recorded in the individual general (nominal) ledger accounts. Perform analytical procedures such as proof in total by using number of employees and average wage. Investigate any significant fluctuations.
The audit of wages | Students | ACCA | ACCA Global
http://www.accaglobal.com › technical-articlesFebruary 24, 2019 at 12:33 pm #506386Is it the same as recomputation? Sorry i am still confused.
February 24, 2019 at 5:04 pm #506412‘Cast’ means ‘add up’ to check that the original total is ok.
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