1
Q
Bank confirmation letter tests what assertions?
A
- All balance sheet assertions except presentation.
2
Q
Bank reconciliation tests what assertions?
A
- All balance sheet assertions excpet presentation
3
Q
Cash count tests what assertions
A
- Existance
- Accuracy, validation and authoristation
4
Q
Foreign currency verification tests what assertion
A
- AVA
5
Q
Debtors circularisation tests what assertions?
A
- Existence
- Rights and Obligations
- Classification
6
Q
Test allowancce for doubtful debt is what assertion?
A
- AVA
7
Q
Subsequent cash testing test for what assertions?
A
- AVA
- Exsitence
- Rights and Obligations
8
Q
Stock count follow up tests what assertions?
A
- Completeness
- Existence
9
Q
Cut-off testing stock tests what assertions?
A
- Completness
- Existence
10
Q
Cost vs. NRV testing tests what assertion?
A
- AVA
11
Q
Creditors circularisation tests what assetions?
A
All balance sheet assertions except presentation
12
Q
Supplier statement reconciliations tests what assertions
A
All balance sheet assertions except presentation
13
Q
Search for unrecorded liabilities tests what assertion?
A
- Completeness
ICAS TC AR
flashcards
Decks in class (21)
# Cards
-
Module 2 Corporate Governance18
-
Module 3 Internal Control Systems11
-
Module 4 Accounting Information Systems and Controls 111
-
Module 5 Accounting Information Systems and Controls 25
-
Module 6 Internal Audit10
-
Module 7 Introduction to Assurance8
-
Module 8 The Requirement for Audit14
-
Module 9 Auditor Responsibilities: Legislations17
-
Module 10 Auditor Responsibilities: Common Law20
-
Module 11 Auditor Independence and Ethics7
-
Module 12 Regulatory Framework17
-
Module 13 Audit Process: Fundamental Concepts20
-
Module 14 Audit Process: Engagement and Client Management25
-
Module 15 Audit Process: Planning17
-
Module 16 Audit Process: Systems and Controls15
-
Module 17 Audit Process: Evidence17
-
Module 18 Audit Process: The Use of Statistics12
-
Module 19 Audit Process: Substantive Testing 113
-
Module 20 Audit Process: Substantive Testing 24
-
Module 21 Audit Process: Completion22
-
Module 22 Audit Process: Reporting24
