Column 1: Account | Column 2: Audit Procedure and Evidence | Column 3: Most Directly Related Auditor Bias | Column 4: Bias Definition | Column 5: Evaluate how the evidence from the audit procedure is susceptible to auditor bias and additional testing the auditors should perform. |
Revenue from the 1% fee for orders placed with Pawsome Treats via the app (Pamazon delivers the order) Transaction 4 | To test the accuracy of MM’s revenue recognized from the 1% fee placed on orders of dog food through the app, L&J selected a sample of dog food orders and recalculated the fee associated with each transaction. MM confirmed to L&J that their automated system captures the 1% fee for each dog food transaction and reflects the fee at the accurate amount for each transaction. In MM’s initial sample, several transactions captured a fee that did not reflect 1% of the transaction. L&J reviewed an event log generated by the system that noted no exceptions to the processing and recording of fee revenue. L&J’s auditors consider relying on evidence generated by the system. |

It’s that simple.Pay only when you are satisfied.
Get Personalized Homework Help
Improve Your Grades Today
How It Works
1-Send us your Assignment requirements, attach and deadline for submission.
2-You will get a confirmation from us with a price quote.Pay us and be relax.
3-Your Completed task will be e mailed to you before agreed time.
Submit Your Assignment/Essay/Discussion/Term Paper/Final Exam or CaseStudy Detail
Available 24/7!
Send your academic problems,
Get instant Help only at Writerscampus!