ACCT1056 Auditing Padlet Activities by https://padlet.com/rmitducphan/acct1056 Think about your recent learning's from this week's "Before Class" learning material. Jot down key notes on what was unclear or you didn't understand, as well as the parts that were clear to you. Bring your notes to class, ready to post on our Padlet board! en-us 2021-10-09 09:08:54 UTC 2024-05-03 04:19:32 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/1394960616/fc5417e4b7ff295c237616eeac847989/de4p2d0_b8d7431c_d0ae_4601_a646_cda89581db6d.png COLES WAREHOUSE rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2964192076 Based on your understanding of the situation, answer the following questions
1) List at least 5 internal controls you believe would be present in this case.
2) Identify the reason for the presence of the internal control.
3) Classify the nature of the control, i.e., prevent or detect.
4) As an auditor, how could you assess the effectiveness of the control?


]]> 2024-04-22 06:39:10 UTC https://padlet.com/rmitducphan/acct1056/wish/2964192076 FLINDER ST STATION rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2964192432 Based on your understanding of the situation, answer the following questions
1) List at least 5 internal controls you believe would be present in this case.
2) Identify the reason for the presence of the internal control.
3) Classify the nature of the control, i.e., prevent or detect.
4) As an auditor, how could you assess the effectiveness of the control?


]]> 2024-04-22 06:39:28 UTC https://padlet.com/rmitducphan/acct1056/wish/2964192432 RMIT LIBRARY rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2964192742 Based on your understanding of the situation, answer the following questions
1) List at least 5 internal controls you believe would be present in this case.
2) Identify the reason for the presence of the internal control.
3) Classify the nature of the control, i.e., prevent or detect.
4) As an auditor, how could you assess the effectiveness of the control?


]]> 2024-04-22 06:39:44 UTC https://padlet.com/rmitducphan/acct1056/wish/2964192742 MELBOURNE AIRPORT rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2964193014 Based on your understanding of the situation, answer the following questions
1) List at least 5 internal controls you believe would be present in this case.
2) Identify the reason for the presence of the internal control.
3) Classify the nature of the control, i.e., prevent or detect.
4) As an auditor, how could you assess the effectiveness of the control?


]]> 2024-04-22 06:39:59 UTC https://padlet.com/rmitducphan/acct1056/wish/2964193014 COLES @ MELBOURNE CENTRAL rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2964193351 Based on your understanding of the situation, answer the following questions
1) List at least 5 internal controls you believe would be present in this case.
2) Identify the reason for the presence of the internal control.
3) Classify the nature of the control, i.e., prevent or detect.
4) As an auditor, how could you assess the effectiveness of the control?


]]> 2024-04-22 06:40:13 UTC https://padlet.com/rmitducphan/acct1056/wish/2964193351 WEEK 8: SCENARIO 1 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973242228 The credit manager was on leave for two months of the fiscal year. You wish to check if the acting credit manager approved the customer orders exceeding $10,000 correctly.


Discuss the following questions in your teams
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:02:05 UTC https://padlet.com/rmitducphan/acct1056/wish/2973242228 WEEK 8 SCENARIO 2 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973242561 You want to check the quality of the recorded PPE items in the warehouse of your client.

Discuss the following questions in your teams:
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:02:23 UTC https://padlet.com/rmitducphan/acct1056/wish/2973242561 WEEK 8 SCENARIO 3 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973243415 The calculation of the employee wages needs to be checked regarding the sourcing of the correct hours worked and pay rates used, as such you wish to recalculate some of them.

Discuss the following questions in your teams
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:03:09 UTC https://padlet.com/rmitducphan/acct1056/wish/2973243415 WEEK 8 SCENARIO 4 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973243661 You wish to get a rough idea of whether the automatic selling price selected by the computer system when a product is scanned is correct.


Discuss the following questions in your teams
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:03:23 UTC https://padlet.com/rmitducphan/acct1056/wish/2973243661 WEEK 8 SCENARIO 5 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973244361 The calculation of the employee wages needs to be checked regarding the sourcing of the correct hours worked and pay rates used, as such you wish to recalculate some of them


Discuss the following questions in your teams
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:04:04 UTC https://padlet.com/rmitducphan/acct1056/wish/2973244361 WEEK 8 SCENARIO 6 rmitducphan https://padlet.com/rmitducphan/acct1056/wish/2973245493 You wish to evaluate the exceptions in the exception reports created by the system for sales exceeding $5,000.


Discuss the following questions in your teams:
1) What is the population for your test?
2) What type of sampling technique would you recommend for each of the following
scenarios? Why would you suggest that?
3) As the auditor, would you classify this as internal control testing or substantive testing


]]> 2024-04-29 06:05:12 UTC https://padlet.com/rmitducphan/acct1056/wish/2973245493