State about walk-through tests - auditor, Financial Management

Assignment Help:

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.

Related Discussions:- State about walk-through tests - auditor

Balance sheet, Balance Sheet: The balance sheet measures the financial ...

Balance Sheet: The balance sheet measures the financial position of the business at a particular point in time. It is also called Statement of Financial Position. The balan

Semi-strong-form of efficiency, Semi-Strong form level of Efficiency This...

Semi-Strong form level of Efficiency This level states that share prices reflects all available public information. (past and present information). If the market has achieved thi

CASH MANAGEMENT APPROACHES, WHAT ARE CASH MANAGEMENT APPROACHES

WHAT ARE CASH MANAGEMENT APPROACHES

Explain why warrants are rarely exercised, Explain why warrants are rarely ...

Explain why warrants are rarely exercised unless the time to maturity is small? Warrants are seldom exercised till the time to expiration is small because the market price of the

DIVIDEND, dividend decisions has an influence on the share value and subseq...

dividend decisions has an influence on the share value and subsequently the overall company value.

Financial projections, A total of $426,000 seed-funding would be ideal to s...

A total of $426,000 seed-funding would be ideal to start the project on a local basis. The cost analysis done above is for the material required to perform the work, and as the wor

Define long run economic profit will be zero, Why do firms enter an industr...

Why do firms enter an industry when they know that in the long run economic profit will be zero? Firms enter an industry while they suppose to earn economic profit. These shor

Computation of working capital, Will you please define the working capital ...

Will you please define the working capital and Calculation of working capital? I need urgent help in my assignment. help me!

Financial statements for a company, The following is incomplete financial s...

The following is incomplete financial statements for XYZ, Inc.: XYZ, Inc.

What happens when a bank charges discount interest on a loan, What happens ...

What happens when a bank charges discount interest on a loan? While a bank charges discount interest on a loan the required interest payment is subtracted from the loan carries o

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages