EP AUDITING+ASSURANCE...-MYACCT.LAB
EP AUDITING+ASSURANCE...-MYACCT.LAB
16th Edition
ISBN: 9780134148656
Author: ARENS
Publisher: PEARSON CO
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Chapter 13, Problem 2RQ
To determine

Explain the purpose of tests of control and list the specific accounts on the financial statements that are affected by performing the tests of controls for the acquisition of payment cycle.

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What is the purpose of analytical reviews in the audit of revenue cycle accounts? Please give an example.
Does computerization of data processing affect the objective of financial statement audit? Discuss.
What tools do auditors use to verify the ending balances in the various accounts in the acquisition and payments cycle? Please provide reference(s).
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