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
Q. Show the Motives of Maintaining Receivables? Motives of Maintaining Receivables :- (i) Sales Growth Motives: - The major objectives of credit sales are to increase the to

What action(s) should be take place if analysis of pro forma financial statements reveals positive trends?  Negative trends? While analyzing the pro forma statements, managers fre

Mr. Moore will be 35 years at the end of the month and he wishes to retire in 25 years. He plans to invest in a mutual fund earning 7.5 percent annual return compounded monthly an

The wide gap between maturities poses problems in using the on-the-run issues, especially after five years. Some dealers and vendors use selected off-the-run Trea

discuss three approaches to short-term financing

What are sources of funds for an assignment?

When a company issues new securities, how do flotation costs affect the cost of raising that capital? When a company issues fresh securities flotation costs, enhance the cost o

Q. Explain Safe Harbour Rule? Safe Harbour Rule - Concept in statutes and regulations whereby a person who meets listed requirements would be preserved from adverse legal actio

Question 1 (a) These are merely the differences of the two prices. Consequently the mark to market losses are given by { Q 1 - Q 0 ,Q 2 - Q 0 ,Q 3 - Q 0

Repurchase agreement is a contract wherein the seller of a security agrees to buy back the same security from the purchaser at a specified price and time. It is also