Page 30 - PowerPoint Presentation

GENERAL PRINCILES OF AUDITING

SUBSTANTIVE PROCEDURES AND SAMPLING

• This will be concerned with balances and

amounts;

• Extracting a sample of debtors for circularisation

• Extracting a sample of inventory items for physical

verification

• Selecting a sample of sales invoices for testing

(what tests, and which assertions are

addressed….!?)

• Selecting a sample of bank accounts for testing

(which assertions are covered….?)

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CharterQuest