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. |
Accounts Receivable /Revenue from dog walker listing fees Transaction 1 | To test the existence assertion for MM’s accounts receivable, L&J sent confirmations to a sample of dog walkers to confirm the fee each paid to be listed on MM. The confirmation response rate was relatively high, yet there were a number of nonreplies. L&J may send out a second request for confirmations or consider the confirmations received as sufficient. Since the response rate was relatively high, L&J is considering if the evidence provided by the confirmations available is sufficient. | |||
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. |
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