For each control activity indicate whether there is evidence that the control

For each control activity indicate whether there is

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of the textbook. For each control activity indicate whether there is evidence that the control operated effectively by selecting "Effective" or that it did not operate effectively by selecting "Deviation" from the drop down list in each of the cells in the schedule (Work Paper 6-2). (Leave no cells blank - be certain to enter "0" wherever required.) You should download the PDF files required to complete this case from the EarthWear Mini-Cases section of the Student Online Learning Center. Work Paper 6-1 EARTHWEAR CLOTHIERS Controls Testing Evaluation Summary: Accounts Payable December 31, 2012 Test Results and Evaluation Description of Control Activities Assertion Number of Deviations Observed Maximum Number of Deviation s Accept/Reject Describe Any Necessary Revisions to the Audit Plan 1.Document package includes all Occurrence 0 1 0 -2-2 (Click to select)
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documents appropriate for the transaction. 2.The purchase requisition is signed by a supervisor. Authorizatio n 2 1 3.The purchase order is signed by an authorized purchasing agent. Authorizatio n 1 1 4.Quantities on vendor's invoice agree with related receiving report and purchase order, and invoice is mathematically correct. Accuracy 1 1 5.All documents in voucher package have been stamped "paid". Occurrence 0 1 Work Paper 6-2 EARTHWEAR CLOTHIERS Controls Testing Deviation Report: Accounts Payable December 31, 2012 Sample Testing Documentation Control Activity Docume nt Number 1 2 3 4 5 164210 185423 190214 195840 74 additional items Effective Effective Effective Effective Effective Total Number of Exception s (Click to select) 50000 (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select)
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rev: 10_03_2013_QC_35606, 01_10_2014_QC_43161 PART FIVE In this mini-case you will statistically evaluate the tests of controls on accounts payable for the 2014 audit of EarthWear Clothiers, Inc. Use ACL to compute (1) the Sample Size for each control activity and (2) the Upper Deviation Rate for the sample results provided on Work Paper 8-1. Record the results from ACL in the fields on Work Paper 8-1 indicated below. Please refer to Chapter 8 of the textbook for instructions on using ACL. EARTHWEAR CLOTHIERS Control Activities Testing - Sampling and Evaluation Sheet: Accounts Payable December 31, 2014 Compute Sample Size The list below indicates the control activities tested using voucher packets in Part A (Part A was a Chapter 6 assignment, but you can complete this assignment even if you did not complete Part A). Use the information provided below to calculate the sample size using ACL. Please refer to Chapter 8 of the textbook for instructions on how to use ACL to calculate sample sizes. When different sample sizes are computed for control activities that
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