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Case Study Audit Complete
Case Study Audit Complete
Case Study Audit Complete
&
CO
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A5
L
A
T
N
E
M
A
G
D
N
N
I
IT
FU
D
U
OF A
PREPARED
BY :
1. SITI FAIRUZ BINTI OSMAN
10DAT13F1051
2. MOHAMAD KHAIRUL NAIM BIN
MOHD FOZI
10DAT13F1150
CASE
STUDY
( PART 4 )
A) DIFFERENT MATERIALITY
THE
SMALLEST
THRESHOLD
GENERALLY USED FOR PLANNING
PURPOSES.
The auditor must consider the possibility of misstatement of
relatively small amounts that, cumulatively, could have a
material effect financial statement.
CASE
STUDY
( PART 5 )
INTERNAL
CONTROLS
The auditor should not accept managements
description
The auditor of
should
not acceptinternal
managements
the companys
control without
description of evidence.
the companys internal control without
corroborative
evidence.
corroborative
The auditor must assess the effectiveness of the
companys
The auditorinternal
must assess
the effectiveness of the
controls.
companys internal controls.
Internal Control Questionnaire
Internal Control Questionnaire
INTERNAL CONTROL
QUESTIONNAIRE
yes
no
Audit approach
compliance
approach
INTERNAL
CONTROLS
o The companys operating system is effective and
efficiency.
o All transaction are occurrence and completely
recorded.
o The company followed the laws and regulations.