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3 examples of error which are not revealed by trial balance and the step of auditor would take to detect them?

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Question added by Rojit Ngariyanbam
Date Posted: 2018/08/06
Shady Houssein Fouad Khalil
by Shady Houssein Fouad Khalil , Quality Inspector , Petrojet

1- when installing many nozzels have the same size and same thickness in the same pressure vessel and after installing someone wrong & the auditor of storage found missing valve before the nozzle.

 

2- the profit of the project is calculated by 15% from the total amount will payed and after the auditor check every thing found the missing Engineers Salary and the profit will became 12%

 

3- when comp. arrange to buy laptops for the employes and it will cost 10,000$ and after the auditor review found there is taxes & Fees Missied about 2,500$

Mohammad Elshqirat
by Mohammad Elshqirat , Internal Audit Supervisor , Rodl & Partner

 

  1. An entry is not posted completely: the auditor can take the sequence of entries for the relevant period and trace it for completeness of posting

  2.  An entry is posted to wrong debit and credit accounts: the auditor can take a sample of entries and review its posting

  3. A fictitious entry was posted: the auditor may take a sample of entries and check for supporting documents

 

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