StudentShare solutions
Triangle menu

Case Studies - Tests of controls and tests of balances in audit program format - Essay Example

Nobody downloaded yet

Extract of sample
Case Studies - Tests of controls and tests of balances in audit program format

g the test of controls for cash in the case of The Ourtown Independent School District should have the following questions answered by yes, no, or not applicable. If the answer is no, the next for any of the following questions pertaining to cash receipts for agency should lead us to conduct more extensive test on balances since such negative answer or answers will denote a weakness of the internal control that would affect the materiality of misstatement in the accounts pertaining to the company under audit.
The Ourtown Independent School District’s cash disbursements, answers to the following questions s will assist in assuring that all payments are properly approved, recorded, and supported by appropriate documentation as way of testing the presence of appropriate controls.
Since internal control includes all the policies and procedures to safeguard the school district’ assets, an analysis of the journal entries should also be evaluated. Accounting realities may provide the special opportunity to make adjustments to accounting records. Although the general journal is used as basis to record non cash items, it is also as important as the other books of original entry namely the cash receipts and cash disbursements journals. Entries made could used to hide the fraud committed on case; hence the answers to the following questions are desirable for the test of controls for cash:
Part of good internal control for cash is the existence of trust fund system which requires the practice of establishment and maintenance of petty cash. To ensure the same, the following questions could be used to evaluate whether controls are meant to provide for a timely recording of expenditures of cash in the accounting system:
A good internal control for cash requires periodic bank account reconciliation, which is a primary tool for assuring the proper recording and accounting for all cash account activity. To attain the accomplishment of the same the following questions need ...Show more


This paper seeks to prepare procedures for the test of controls and test of balances in audit program format using two sets of cases as made of this paper in the appendices. See Appendix A. The procedures for the test of controls will be for getting evidence about existing…
Author : forestboyle
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Case Studies - Tests of controls and tests of balances in audit program format"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Two Psychometric Tests
MBTI Introduction and Description MBTI, as regarded by many professionals and experts, is the best and most trusted personality assessment tool used all over the world. Almost 70 percent of the Fortune 500 companies use MBTI tests for their employee assessment.
11 pages (2750 words) Essay
One-Sample t-Tests
To test the variability of data inferential statisticians have introduced several methods like z-series and t-tests. However, t-Test is simpler in the sense that it does not require much calculations and availability of complex statistical numbers like standard deviation of a population.
2 pages (500 words) Essay
History of Tests & Measurements
In order to attain the best tests, the most important thing to do, according to Shepard (2000) is to administer various tests on individual in order to determine their validity and reliability. If the processes under study provide various responses after analysis, the tests may be considered reliable in this context.
5 pages (1250 words) Essay
Projective Tests
For a long time, psychology has employed scientific research to measure aspects of human personality and behavior. As such, various scales of psychological assessment have been developed to precisely and objectively measure these aspects.
5 pages (1250 words) Essay
Physiological Tests
Comments on Effects of a given situation of Abdominal Strength Test is included. Lastly it illustrates the importance of measuring Blood Pressure while sub maximal exercises and how to do it effectively. 1. Accuracy of the tests in not correct as it is based on assumptions and without specific knowledge of what physiological component is being tested.
7 pages (1750 words) Essay
Human Resource Management: tests
Some of the tests are discussed below. These were the first standardized tests developed by psychologists, and are the most widely used tests. Intelligence is defined in different ways by different psychologists. Alfred Binet and Theodore Simon, two French psychologists, explicitly defined the components of intelligence as "reasoning, judgement, memory, and the power of abstraction." They measured intelligence as the "general mental ability of individuals in intelligent behaviours" and described intelligence testing as classifying, not measuring.
15 pages (3750 words) Essay
Proficiency tests
This is to follow the school’s placement test to confirm its result. TOEFL iBT is an internet-based test for international students planning to study in English-speaking countries. It is given at secure Internet-based test centers. The purpose of the test is to
2 pages (500 words) Essay
Psychological and neuropsychological tests
Psychological tests are abroad range measurements of psychological constructs in an individual for example a person’s intelligence, brain structure or even emotions among others.
1 pages (250 words) Essay
Statistical Tests
Cohen’s d is to measure effect size and to evaluate the size of the treatment effect that is measured by t2. Cohen’s d is calculated when the boys and girls are tested again.
2 pages (500 words) Essay
Standardized tests
It is important to note that there exists a flaw. This comes about whereby, there standardized tests show some truth, or rather, give results that are relevant to
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Case Studies - Tests of controls and tests of balances in audit program format for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us