State about walk-through tests - auditor, Financial Management

Walk-through tests - Auditor

• "Walk-through tests" -That is tracing one or more transactions by accounting system and observing application of internal controls.

  • Review of prior year file and previous experience of reliability of system.
  • Review of procedures manuals and systems descriptions.
  • Enquiry of management and personnel.
  • Examine documents / records produced by systems.
  • Observation of the activities and operations, including IT function and the nature of transaction processing.

 

Posted Date: 9/3/2013 3:01:45 AM | Location : United States







Related Discussions:- State about walk-through tests - auditor, Assignment Help, Ask Question on State about walk-through tests - auditor, Get Answer, Expert's Help, State about walk-through tests - auditor Discussions

Write discussion on State about walk-through tests - auditor
Your posts are moderated
Related Questions
The following treasury issues can be included for the construction of the curve: On-the-run treasury issues. On-the-run treasury issues and sele

where you deposit 1000dollars at the end of each year for 4 years, what will be the amount of deposits at the end of each year if it is compounded at 12% semi-annually?

What is meaning of Perpetuity If annuity is expected to go on forever then it is known as a perpetuity and then the above formula reduces to: Present value: A/i Perpetuit

Non-traditional mortgages also referred to as Alternative Mortgage Instruments (AMIs), do not have level monthly payments, but employ some other structure of payment.

#discuss the applicability of operating cycle to poultry business.

Assume that the treasurer of a company has an extra cash reserve of $1,000,000 to invest for six months. The six-month interest rate is 8% per year in the U.S. and 6% per year in G

You are an investment banker advising a Eurobank with reference to a new international bond offering it is considering.  The carries on are to be employed to fund Eurodollar loans

Q. How cash flow problems arise? It is significant first to distinguish between profitability and cash availability. The key scheme relates to insolvency since even profitable

Q. Objectives of working capital management? The objectives of working capital management are habitually stated to be profitability and liquidity. These objectives are habitual

Mutual funds Mutual funds pool resources from a lot of individuals and companies and invest these resources in diversified portfolios of bonds, stocks and money market instrume