The following are steps in the methodology for designing tests of controls, substantive tests of transactions, and tests of details of balances for the payroll and personnel cycle: 1. Design tests of details of balances for the payroll and personnel cycle. 2. Evaluate whether control risk can be assessed as low for payroll. 3. Design […]
Ward Publishing Company—Part III (See Case 18-30 for Parts I and II) 19-28 (OBJECTIVES 19-1, 19-2, 19-5) Examine the tests of controls and substantive tests of transactions results, including the sampling application in Case 18-30 (pp. 647–648), for Ward Publishing Company. Assume that you have already reached several conclusions. 674Part 4 / APPLICATION OF THE […]
Examine the tests of controls and substantive tests of transactions results, including the sampling application in Case 18-30 (pp. 647–648), for Ward Publishing Company. Assume that you have already reached several conclusions. 674Part 4 / APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES 1. Your tests of details of balances for accounts payable are completed, […]
