Tests of controlor systems based auditing

Tests to obtain audit evidence about effective operation of the accounting and internal control systems. It isn't concerned about detailed underlying transactions though interested in the controls which are in place which manage the information.Itis testing that the control is:

• Properly designed.
• Exists.
• Has operated throughout the period.

 

Posted Date: 9/3/2013 2:50:05 AM | Location : United States

Ask an Expert

Related Discussions:- Explain the tests of controlor systems based auditing, Assignment Help, Ask Question on Explain the tests of controlor systems based auditing, Get Answer, Expert's Help, Explain the tests of controlor systems based auditing Discussions

Write discussion on Explain the tests of controlor systems based auditing
Your posts are moderated

Write your message here..

Related Questions

Liquidity risk, An investor, who wants to sell a bond even before it ... An investor, who wants to sell a bond even before it reaches its maturity date, would be concerned as to whether he will receive a price that is close to the true

What do you signify by investment decisions, Q. What do you signify by Inve... Q. What do you signify by Investment Decisions? Investment Decision: - The most significant function of financial management isn't only the procurement of external funds for th

Explain the market analysis of events, Question 1 Describe the Cost Vol... Question 1 Describe the Cost Volume Profit analysis. Explain its features, objectives and elements(CVP analysis) Question 2 Write in detail about the classification of

Prepare a revised aging schedule of account, Debit Credit Accounts recei... Debit Credit Accounts receivable $300,000 Allowance for doubtful accounts $35,000 Sales for 2010 were $5,500,000. All sales were sales on account. At the end of each month

Illustrations of substantive tests, Illustrations of substantive tests ... Illustrations of substantive tests Agree a sample of wages payments to the existence of these individuals and personnel records. Agree a sample of cashbook payments to

Finance, Ask questiSuggestion regarding Credit limit. Should it be approved... Ask questiSuggestion regarding Credit limit. Should it be approved or not, what should be the amount of credit limit that electronics give to Booth Plastics.

Marginal weighting system, uses and limitations of the marginal weighting s... uses and limitations of the marginal weighting system

Objectives of financial services authority, Objectives of financial service... Objectives of financial services authority FSMA provides four statutory objectives to FSA. They are: Market Confidence: Maintaining confidence in the financial system;

Delivery and credit risk, When a borrower uses repo market for fund f... When a borrower uses repo market for fund financing, he has to deliver the securities to the lender. One way to do this is to deliver the collateral to the lender

Transfer price, The price charged when one segment of an organization provi... The price charged when one segment of an organization provides goods or services to another segment of the organization.