Documente Academic
Documente Profesional
Documente Cultură
25 de marzo de 2015
Paulino Angulo Cadena. MSc
Nombres:
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C. The following list of possible deviations from prescribed controls has been recorded in
the internal auditors working papers:
Invoice
Number
1472
1545
1719
Prescribed Control
Credit department authorization
of credit.
Shipping department verification
of agreement of goods shipped
with sales order.
Credit department authorization
of credit.
Finding
Evidence of credit department approval of invoice.
Amount of invoice exceeds maximum credit limit.
No evidence of shipping department verification
but invoice agrees with sales order.
Name of authorizer not included on approved
signature list. Auditor investigation disclosed a
new hire in credit whose name was inadvertently
omitted from the authorized list of signers.
Indicate for each invoice number whether it represents a deviation from the prescribed
control. Briefly explain the reason for each answer.
D. The following information concerning one of the prescribed controls has been
accumulated:
Estimated number of transactions per year
Risk of assessing control risk to low
Tolerable deviation rate
Expected population deviation rate
Sample size per table
Sample size used
Number of deviations found
Sample deviation rate
Upper deviation limit
Allowance for sampling risk
5000
5%
4%
0.5%
117
125
2
1.6%
4.9%
3.3%
Nombres:
Audit Sampling
25 de marzo de 2015
Paulino Angulo Cadena. MSc
Internal Auditing: Assurance and Advisory Services, 3rd Edition. 2013 by The Institute of Internal Auditors
Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL 32701 USA
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