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Assertions about classes
Assertions about classes of transactions and events for the period under audit:
a) Occurrence-events and transactions which have been recorded have pertains and occurred to the entity.
b) Completeness-all events and transactions which should have been recorded such have been recorded.
c) Accuracy-other data and amounts relating to recorded events and transactions have been recorded suitably.
d) Cutoff- events and transactions have been recorded in the correct accounting duration.
e) Classification-events and transactions have been recorded in such the proper accounts.
Investment - Audit Process The investment is held for wealth generation that as interest and dividends on shares and capital growth and loan notice. Recent investments are re
Advantages and Disadvantages of a Continuous Audit Advantages: The regular or continual attendance of the auditor might act as a deterrent to scam; Weaknesses in the
Insurance Companies Authoritative documents involved as: The Insurance Act The Companies Act IFRS 4 Insurance Contracts The major legislation governing insu
i need an assignment for auditing with word count of 1750
YvesLaurent has just been put in charge of the BeautyNatural Inc. audit.BeautyNatural is a small, but growing retail chain of natural cosmetics stores. BeautyNatural needs to borro
Building Societies - Specialized Audit Situation Building Societies are organisations that exist to offer a savings and investment intermediate to the public and to lend to pe
Valuation - Long Term Contracts The basis of valuation should be cost plus attributable profit as benefits less foreseeable losses and progress payments both receivable and re
Why is studying Auditing different from studying other accounting topics?
Specialized Audit Situations Companies carry on thousands of different types of trade, business or professional activities. It is not possible in a manual on general auditing
The Concept of Audit Evidence Auditing is an evidence gathering exercise. It is an exercise carried out to confirm the assertions made by the management in carrying out the man
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