{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Practice Problems Ch. 19 (ACCT-422)

Practice Problems Ch. 19 (ACCT-422) - Solutions to Chapter...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Solutions to Chapter 19 Practice Problems 19-17 a. (1) b. (1) c. (4) 19-18 a. (3) b. (4) c. (4) 19-19 a. (1) b. (4) c. (3) 19-20 a. (2) b. (4) c. (4) 19-23 ITEM NO. a. TYPE OF EVIDENCE USED b. TYPE OF PROCEDURE c. & d. OBJECTIVE(S) 1 Analytical procedure Analytical procedure Not applicable 2 Confirmation Test of details of balances Existence Completeness Accuracy Cutoff 3 Internal documentation Test of control Completeness 4 Physical examination Test of details of balances Existence Accuracy 5 Recalculation Substantive test of transactions Posting and summarization 6 Analytical procedure Analytical procedure Not applicable 7 Inquiry of client Test of details of balances Completeness Accuracy 8 External documentation (cancelled checks) Substantive test of transactions Completeness Timing Accuracy 9 External documentation Substantive test of transactions Occurrence Accuracy Timing Classification 10 External documentation Test of details of balances Completeness Cutoff Accuracy 11 Recalculation Test of details of balances Accuracy 12 Observation Test of control Occurrence
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
19-24 a. No. In a first audit the auditor’s attention cannot be confined to activity in the year under audit because (1) some balance sheet accounts
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern