1
Q
How should replies be returned?
A
Directly to auditors and auditors should check that bank’s response covers all the information requested
2
Q
How may difficulty may be encountered?
A
In obtaining a satisfactory response even where client company submits information for confirmation to the confirming bank
3
Q
What is significant (confirmation)
A
That a response is sought for all confirmation requests
4
Q
What should auditors not request?
A
A response only if the information submitted is incorrect or incomplete
AA (Bookshelf 4)
flashcards
Decks in class (98)
# Cards
-
Selecting Items for Testing (1)9
-
Selecting Items for Testing (2)6
-
Audit Sampling8
-
Statistical Sampling10
-
Advantages and disadvantages of Value Weighted Selection5
-
Sampling Risk (1)7
-
Sampling Risk (2)6
-
Evaluation of Sample Results8
-
Tests of Details5
-
Automated tools and Techniques10
-
Audit Software substantive procedures10
-
Audit Software Use7
-
Test Data (1)9
-
Test Data (2)4
-
Audit Data Analytics (1)10
-
Audit Data Analytics (2)3
-
Using Work Of Management's Expert (1)8
-
Auditing Accounting Estimates (1)6
-
Auditing Accounting Estimates (2)3
-
Intangible Non-Current Assets9
-
Research and Development Expenditure11
-
Audit Procedures for Non-Current Assets (1)11
-
Audit Procedures for Non-Current Assets (2)8
-
Audit Procedures for Non-Current Assets (3)8
-
Audit Procedures for Non-Current Assets (4)11
-
Audit Procedures for Non-Current Assets (5)10
-
Audit Procedures for Non-Current Assets (6)5
-
Audit procedures for non-current assets (7)8
-
Audit Procedures for Non-Current Assets (8)4
-
introduction to Auditing Inventory (Audit Approach)6
-
Physical Inventory Count9
-
Planning the Inventory Count8
-
Inventory held by third parties3
-
Attendance at Inventory Count3
-
Audit Procedures during Attendance at the Inventoru Count9
-
Performing Test Counts5
-
Documentation of Audit Work Performed during the Count5
-
After the inventory count (1)6
-
After the inventory count (2)5
-
Cut-off testing (1)10
-
Continuous Inventory Counting8
-
Continuous Inventory Counting (2)8
-
Accounting for Inventory8
-
Auditing Inventory Valuation4
-
Using the Work of an Auditor's Expert (1)4
-
Audit Procedures for Inventory (1)9
-
Audit Procedures for Inventory (2)10
-
Audit Procedures for Inventory (3)8
-
Audit Procedures for Inventory (4)6
-
Audit Procedures for Inventory (5)6
-
Usingf the Work of an Auditor's Expert6
-
Using the Work of Internal Audit (1)8
-
Using the Work of an Internal Audit (2)10
-
Using the Work of an Internal Audit (3)5
-
Direct Assistance6
-
External Confirmation (1)10
-
External Confirmation (2)7
-
External Confirmation (3)8
-
External Confirmation (4)6
-
External Confirmation (5)11
-
Cut-off Testing2
-
Other Audit Procedures (1)8
-
Other Audit Procedures (2)6
-
Revenue (1)10
-
Revenue (2)8
-
Revenue (3)6
-
Revenue (4)7
-
Testing Prepayments4
-
Bank and Cash2
-
Bank Confirmation Letter9
-
Choosing where to send a Confirmation Request4
-
Written Authority5
-
Preparation and Despatch of Bank Confirmation Letter11
-
Replies4
-
Agreement to Client Records2
-
Cut-off Testing9
-
Audit Procedures for Bank (1)8
-
Audit Procedures for Bank (2)7
-
Audit of Cash Balances6
-
Payables, purchases and accruals (Internal control considerations)6
-
Focus on Understatement6
-
Confirmation of Trade Payables (1)7
-
Confirmation of Trade Payables (2)6
-
Cut-off1
-
Other audit procedures: Payables and Accruals6
-
Other Audit Procedures: Purchases and Other Expenses5
-
Other audit procedures: payroll (1)11
-
Audit Considerations relating to an Entity using a Service Organisation7
-
Non-current Liabilities (1)9
-
Non-current Liabilities (2)8
-
Accounting for Provisions and Contingencies (1)8
-
Accounting for Provisions and Contingencies (2)9
-
Capital (1)7
-
Audit procedures for share capital, distributions and reserves (1)10
-
Audit procedures for share capital, distributions and reserves (2)7
-
Directors' Emoluments2
-
Audit procedures for directors' emoluments (1)9
-
Audit procedures for directors' emoluments (2)4
