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Chapter 8

Procedures

Outcome

By the end of this session you should be able to:

 explain the audit objectives and the audit procedures to obtain sufficient
appropriate evidence in relation to:

– Receivables
– Inventory
– Payables and accruals

– Bank and cash

– Tangible and intangible non-current assets
– Non-current liabilities, provisions and contingencies
– Share capital, reserves and directors’ emoluments

 discuss the problems associated with the audit and review of accounting
estimates

 describe why smaller entities may have different control environments and
describe the types of evidence likely to be available in smaller entities

 apply audit techniques to not-for-profit organisations

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 8 of your Study Text

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