ACCT30004 Suggested Solution - Week 9_2-2015

ACCT30004 Suggested Solution - Week 9_2-2015 - ACCT30004...

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Tute Solution Week 9_2 2015.Docx Updated – 1 September 2015 1 ACCT30004 Auditing and Assurance Services Suggested Solutions and Advice Week 9 Advice Students should continue to develop good answering techniques. Module 3 relates to the execution phase of the audit, in particular we consider the audit procedures used to obtain audit evidence. This tutorial concentrates on tests of controls. Again you may find it helpful to keep referring to the Audit Risk Model and the preliminary evaluation of Control Risk (ie. How the audit strategy is determined), as a basis for determining what audit procedures are to be used. If the auditor believes that the preliminary assessment of CR is LOW, then significant tests of controls will be required to confirm this assessment and enable the auditor to place reliance on the effectiveness of the controls. Again, I think it is very important to remember that the opinion which the auditor expresses comes from the sum of the evidence which they have gathered. The gathering of evidence is
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  • One '13
  • MrTrevorTonkin
  • Internal control questionnaires, GDN, Tute Solution

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