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Discussion Tutorial 1 Question 6 Topic 1
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MOHAMAD ZUL AIZAT BIN ABU BAKAR (16DAT18F1065) DALILAH HUSNA BINTI ZAKARIA (16DAT18F1041) SITI SARAH AQILAH BINTI AHMAD (16DAT18F1038) QUESTION: 1)What a purpose of audit documentation? 2)The main purpose of audit file is to provide evidence that ? 3)The audit documentation may be kept in paper form ,electronic form or any media deemed fit? ( TRUE / FALSE) 4)Oral descriptions if not documented cannot supplement the documented facts , however it can be used? 5) What is completion memorandum?
discuss about the nature of audit evidence..
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We are discuss about the nature of audit evidence.. Audit evidence is communistic in nature and may be accumulated through: 1.audit procedure performed during the course of the audit. 2. Information obtained from other sources such as previous audits. 3. The company quality control procedures for client acceptance and contunuance. 4. Information prepared using the work of an outside expert
Dreamkillers
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Dreamkillers Nature of audit evidence We are here to discuss about this topic... •Audit objectives of revenue and expenditure components •Audit procedure of revenue and expenditure component •control features of revenue and expenditure components •payment system of revenue and expenditure components •trade receivable n trade payable •the cash and bank balances • audit in investment This is what we have discuss together.. But some of our group members are not together 😀
Permanent files
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Permanent audit file A permanent file is a set of records that serves as an ongoing reference for an organization's external auditors. The information in the file is intended to be accessed repeatedly in successive audits to assist the audit team in the conduct of their tasks. The file may contain the following Checklist - appointment as auditor Independence checklist Professional enquiry letter and response Copy of resolutions re appointment Engagement letter Bank authority letter Analytical review Copies of past accounts Statutory information Client company background and history Law & regulations providing a legal framework central to the company's ability to conduct its business Client company's accounting system checklist List of accounting records https://www.accountingweb.co.uk/any-answers/what-should-be-included-in-a-permanent-audit-file