Page 189 - AA Integrated Workbook STUDENT 2018-19

Procedures

 Inspect invoices received post year-end to confirm the actual amount and
assess whether the accrual is reasonable: valuation.

 Compare the accruals this year to last year to identify any missing items or
unusual fluctuation in amount and discuss this with management: completeness
and valuation. (Analytical procedure)

Illustrations and further practice

Now try TYU 5 in Chapter 10

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