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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 9
Cost Accounting Tests of Controls. The diagram in Exhibit 9.47.1 describes several cost accounting tests of controls. It shows the direction of the tests, leading from samples of cost accounting analyses, management reports, and the general ledger to blank squares.
Required:
For each blank square in Exhibit 9.47.1, write a cost accounting test of controls procedure and describe the evidence it can produce. ( Hint: Refer to Exhibits 9.4 and 9.6)
EXHIBIT 9.47.1
Diagram of Cost Accounting Tests of Controls
EXHIBIT 9.4 Assertions about Classes of Transactions and Events: Production Cycle
EXHIBIT 9.6 Test of Production Cost Controls: Occurrence Direction
Required:
For each blank square in Exhibit 9.47.1, write a cost accounting test of controls procedure and describe the evidence it can produce. ( Hint: Refer to Exhibits 9.4 and 9.6)
EXHIBIT 9.47.1
Diagram of Cost Accounting Tests of Controls
EXHIBIT 9.4 Assertions about Classes of Transactions and Events: Production Cycle
EXHIBIT 9.6 Test of Production Cost Controls: Occurrence Direction
Explanation
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Cost Accounting Test of Contro...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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