Short Audit 3

7/26/2019 Short Audit 3

1/19

Day 3: Audit evidence

1. Evidence-gathering technique2. Cash and bank3. Non-current asset

4. nventory !se"#-study$%. &eceivab"es !se"#-study$


2/19

1. Evidence-gatheringtechnique


3/19



4/19



5/19



6/19

2. Cash and bank

2.1 Audit ob'ectives #or cash


7/19

2. Cash and bank

2.2 Audit ("an #or bank Obtain standard bank

confrmations

Reper orm arith)etic o# bankreconciliation . Veri y the bank balances

denti#y *hether any accounts aresecured on the assets


8/19

2. Cash and bank

+1: E,("ain the i)(ortance o# the bank"etter and describe the (roceduresused to obtain con r)ations #ro) thebank


9/19

2. Cash and bank2.3 Audit ("an #or cash count- Written up to date in ink at the ti)e o#the count.- Counted at the same time .- A"" negotiable securities must be

available and are counted.- At no time be "e#t alone *ith the cash andnegotiab"e securities.- &ecorded on *orking (a(ers subsequent"y

"ed on the current audit "e.


10/19

3. Non-current assets3.1 Audit ob'ectives #or ,ed assetsv


11/19

3. Non-current assetsAudit plan or fxed assets


12/19

3. Non-current assetsAudit plan or fxed assets


13/19

3. Non-current assets

Audit plan or fxed assets


14/19




15/19




16/19




17/19




18/19




19/19

3. Non-current assets Audit plan or intangible non-current assets/ey assertions #or intangib"e non-current assets are existence andvaluation.

Documents

Short Audit 3