100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Aue3761 assignment 2 2021 $3.35
Add to cart

Other

Aue3761 assignment 2 2021

 110 views  9 purchases
  • Course
  • Institution
  • Book

Guaranteed 100% pass. Assignment solution 2 2021

Preview 2 out of 8  pages

  • August 9, 2021
  • 8
  • 2021/2022
  • Other
  • Unknown
avatar-seller
AUE 3761 Assignment 03
Unique number: 799318
Due date: 23 Aug 2021

, AUE3761 ASSIGNMENT 03 OF 2021
1. Substantive audit procedures to obtain audit evidence in respect of the
occurrence assertion for additions and disposal of mini trucks

Additions
➢ Select a sample of additions of mini trucks from the fixed asset register and trace
them to capital budget, minutes of directors’ meetings and purchase requisitions
for evidence of authority for the acquisition of the mini trucks;
➢ Inspect mini trucks acquired during the year and cross-reference description,
serial number, etc., to purchase invoices, receipts obtained from suppliers or
purchase contracts;
➢ Inspect the asset register and purchase documentation and verify that the
registration numbers of additions are not the same as the ones for mini trucks
which were already available prior to current year;
➢ Inspect the purchase invoice or purchase contract to confirm that it they are
made out to Living Well (Pty) Ltd and is for the selected mini trucks and is
signed; and
➢ Inspect payment records to confirm that payment was made for the mini trucks.

Disposals


➢ Inspect the disposal documentation, such as directors` meeting minutes used to
approve the disposal for an authorising signature;
➢ Trace the disposal by reference to the capital budget, confirm authorisation for
the disposal of the mini trucks;
➢ Trace the proceeds of the sale to the receipts` records or bank stamped deposit
slip or bank statement;
➢ Inspect the receipts and contracts of sell and confirm that they were generated
by Living Well (Pty) Ltd;
➢ Inspect the asset register and verify if the disposed assets were disposed in the
asset register and inspect a sample of mini trucks and verify that they were not
recorded as disposed.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nolimfe. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.35. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.35  9x  sold
  • (0)
Add to cart
Added