Beruflich Dokumente
Kultur Dokumente
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observed
Reasonableness test
The development of an expected value of an account by using data
partly or wholly independent of the clients accounting information
system.
Recalculating estimated amounts
Recomputing an amount that the client has already estimated, such as
recomputing the allowance for doubtful accounts based on a formula
related to the aging of accounts receivable ending balances.
Related-party transactions
Transactions that a client has with other companies or people who may
be related to either the client or clients senior management.
Relevance of audit evidence
Evidence that provides insight on the validity of the assertion being
tested; that is, the evidence bears directly on the assertion being
tested.
Reliability of audit evidence
A measure of the quality of the underlying evidence. It is influenced by
risk, potential management bias associated with the evidence, and the
quality of the internal control system underlying the preparation of the
evidence.
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