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  • 20210525124137BN001452972 - Exercise 6-48

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    Eca Ramadani
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    This document lists 16 audit procedures and the assertions they are intended to test. The procedures include analytical procedures, reprocessing, recalculation, vouching, inspection of documentation, physical inspection, confirmation, inquiry of company personnel, observation, and inspection of documents. Each procedure tests one or more assertions related to valuation, completeness, existence, and disclosure.

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    20210525124137BN001452972_Exercise 6-48

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    This document lists 16 audit procedures and the assertions they are intended to test. The procedures include analytical procedures, reprocessing, recalculation, vouching, inspection of documentation, physical inspection, confirmation, inquiry of company personnel, observation, and inspection of documents. Each procedure tests one or more assertions related to valuation, completeness, existence, and disclosure.

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    © All Rights Reserved
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    11 views2 pages

    20210525124137BN001452972 - Exercise 6-48

    Uploaded by

    Eca Ramadani
    This document lists 16 audit procedures and the assertions they are intended to test. The procedures include analytical procedures, reprocessing, recalculation, vouching, inspection of documentation, physical inspection, confirmation, inquiry of company personnel, observation, and inspection of documents. Each procedure tests one or more assertions related to valuation, completeness, existence, and disclosure.

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    © All Rights Reserved
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    of 2

    Exercise 6-48

    Procedure Type of Procedure Assertion Tested


    a
    b
    c
    d
    e
    f
    g
    h
    i
    j
    k
    l
    m
    n
    o
    p

    Type of Audit Procedure

    Assertions Tested

    a) Analytical procedures

    Valuation

    a) Reprocessing

    Completeness, valuation

    a) Recalculation

    Valuation

    a) Vouching

    Existence, Valuation

    a) Inspection of documentation

    Existence, Valuation

    a) Inspection of documents

    Existence, Valuation
    a) Physical Inspection

    Existence, Valuation

    a) Inspection of documents

    Valuation, Completeness

    a) Confirmations

    Existence, Valuation

    a) Analytical Procedure

    Valuation, Completeness

    a) Inquiry of Company Personnel

    Completeness, valuation, disclosure

    a) Inquiry of company personnel

    Disclosure, Valuation

    a) Observation

    Completeness, existence and valuation

    a) Inquiry of company personnel

    Valuation-but only indirectly

    a) Inspection of Documents

    Completeness, existence and valuation

    a) Confirmations 

    Completeness, Valuation, Disclosure

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