Vanessa
30-09-08, 03:44 AM
While answering questions on audit procedures / evidence, to get maximum marks always make it a point to say, which audit assertion can be confirmed by the audit procedure.
For example:
Audit objective: To verify whether the system ensures that all the goods received have been recorded as purchases.
Audit Evidence: A sample of goods receipt notes are verified with the purchase journal and accounts payable ledger.
It is important to include the following sentence in the answer:
The audit evidence will provide assurance about the completeness of the purchases i.e. all the purchases for the period are recorded.
For example:
Audit objective: To verify whether the system ensures that all the goods received have been recorded as purchases.
Audit Evidence: A sample of goods receipt notes are verified with the purchase journal and accounts payable ledger.
It is important to include the following sentence in the answer:
The audit evidence will provide assurance about the completeness of the purchases i.e. all the purchases for the period are recorded.