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MGT422 Week 8
MGT422 Week 8
Use CATs on A/RS to confirm account balances. Check duplicate entries. Money transferred to govt if
inactive for too long. Checking aging schedule.
You can also set up a direct deposit into your account so this never happens again.
Please confirm this within 24 hours to avoid any issues moving forward.
Accounts Receivable
Group 1 : Aging Accuracy
Test Objective (audit Test of Controls GAS Data needed
objective)
To ensure that receivables are Run the GAS software to verify the AR of ledger with
aged accurately accuracy of the aging. customer balances
Group 2: Valuation
Group 3: Existence
Inventory
Group 4: Price Test
-Ensure the price of the product -run GAS to verify -Inventory database/per unit
is uniform with the product sold. inventory price is - Price of the products database
correct -recent sales data to understand
if there should be write downs
-Consider the write down of the
inventory