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Auditing & Professional Practice

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Added on  2020-05-16

Auditing & Professional Practice

   Added on 2020-05-16

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Running head: AUDITING AND PROFESSIONAL PRACTICEAuditing and professional practiceName of the studentName of the universityAuthor note
Auditing & Professional Practice_1
AUDITING AND PROFESSIONAL PRACTICE 1Table of Contents1.0Audit planning.................................................................................................................31.1 Analytical review.............................................................................................................31.2 Preliminary judgement regarding materiality..................................................................32.0First account selected – Cash at bank.............................................................................32.1 Rational for selection...........................................................................................................42.2 Assertion and explanation................................................................................................42.3 Recommended audit procedure........................................................................................43.0Second account selected – Gross profit..........................................................................43.1 Rational for selection.......................................................................................................43.2 Assertion and explanation................................................................................................43.3 Recommended audit procedure........................................................................................54.0Third account selected – Wages......................................................................................54.1 Rational for selection.......................................................................................................54.2 Assertion and explanation................................................................................................54.3 Recommended audit procedure........................................................................................55.0 Fourth account selected – Depreciation on motor vehicle...................................................65.1 Rational for selection.......................................................................................................65.2 Assertion and explanation................................................................................................65.3 Recommended audit procedure........................................................................................6
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AUDITING AND PROFESSIONAL PRACTICE 25.0Fifth account selected – Inventory..................................................................................76.1 Rational for selection.......................................................................................................76.2 Assertion and explanation................................................................................................76.3 Recommended procedure.................................................................................................7Reference....................................................................................................................................8
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