Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report
Auditors report the identified issues to the audit supervisor.
The auditor found that there is a large backlog of goods in the warehouse, which is greater than the quantity shown in the goods list. Therefore, the inventory account may have an assertion of valuation and allocation.
The auditor examined Greenfood's contracts and sales invoices and found that some invoices did not match the reported amounts. Some sales records do not find the corresponding contract, and there may be false sales. Therefore, the auditor doubts whether the outstanding account exists and the assertion of existence in account receivable appears.
The auditor found bad debts were not properly recorded by examining accounting documents, and it may causes the assertion of valuation and allocation in the account receivable.
Greenfood's materiality threshold was calculated from the previous 3% benchmark. Based on the information collected and sorted out, the auditor calculated that the actual amount is within the calculation range.
contracts and invoices
contracts and invoices
contracts and invoices
Here are our contracts and invoices in a whole financial year.
Accounting voucher
Accounting voucher
I think there are some assertions in this company...
I found something about the inventory...
Auditors’ Report