Audit Program Part Iii

analyze political computer programme Design dowry III Audit Program Design Part III Introduction To continue the audited account excogitation for Apollo Shoes, Inc., we bequeath pyramid upon the spotless tests of controls, material tests of transactions, and revaluations of uninflected procedures for the gross revenue and assembly cycle, payroll and military force cycle, and acquisition and recompense cycle. piteous forward, we go forth instantaneously conduct the same types of tests and reviews for the broth and repositing cycle, and the interchange cycle. Upon the shutting of the tests, we go away offer a detailed review. immortalize and W arehousing Cycle The objective of auditing the parentage and warehousing cycle is to take that affectionate materials, work-in-process, finished goods inventory, and monetary value of goods sold are cite fairly in consistency with generally accepted be system principles. We go out pass this using the aforementioned tests of controls, square test, analytical procedures, and tests of details (Arens, Elder, & adenylic acid; Beasley, 2006). The audit of inventory and warehousing is divide into five parts, for which we defecate outlined our audit procedures below. 1.

getting and save Raw Materials, toil and Overhead: Apollo Shoes, Inc has not manufacture their testify shoes up to this point; therefore, there are no true raw materials, just the labor and overhead. Therefore, the substantive accord of this part of the audit is processing the obtain orders. However, because tests on purchase orders were already finished through the acquisition and payment cycle, we will not carry to re-test them in this cycle. 2. Transferring assets and monetary value: We will review your process of inside transfers, specifically testing the cost accounting records. 3. Shipping goods and arranging revenue and costs: Because recordation of shipments and related costs is part of the gross revenue and collection cycle, we will not be conducting any reviews or tests for it in this portion of auditing. 4. physically observe...If you privation to get a full essay, order it on our website: Orderessay

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