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  • AR Expenses

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    Elva
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    The accounting period for Manselco Ltd ended on December 31, 2017. An analytical review found no unexpected variances in expenses from the previous year except for professional fees, which varied due to the company's needs. Bank charges also varied due to more transactions, and there was a variance due to exchange rate inflation between the Euro and US Dollar. In conclusion, the review found no exceptions and complied with the objectives stated in the audit program section.

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    The accounting period for Manselco Ltd ended on December 31, 2017. An analytical review found no unexpected variances in expenses from the previous year except for professional fees, which varied due to the company's needs. Bank charges also varied due to more transactions, and there was a variance due to exchange rate inflation between the Euro and US Dollar. In conclusion, the review found no exceptions and complied with the objectives stated in the audit program section.

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    5 views1 page

    AR Expenses

    Uploaded by

    Elva
    The accounting period for Manselco Ltd ended on December 31, 2017. An analytical review found no unexpected variances in expenses from the previous year except for professional fees, which varied due to the company's needs. Bank charges also varied due to more transactions, and there was a variance due to exchange rate inflation between the Euro and US Dollar. In conclusion, the review found no exceptions and complied with the objectives stated in the audit program section.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    S.2.

    Manselco Ltd
    Accounting period ended 31/12/2017

    Objective: As per section objectives.

    Analytical Review Results:

    ≥ No unexpected variances in expenses from previous year.


    ɸ Variance in professional fees due to the company’s needs during the year.
    & Variance due to exchange rate inflations during the year between € and US$.
    @ Variance in bank charges due to more outflow transactions encountered during the
    year.

    Conclusion: No exceptions noted and comply with the relevant objectives as stated in the audit
    program of the section.

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