ACC MISC
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Georgetown CollegeACC MISCCase 4.7 - Satyam Computer Services Limited
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Case 4.7 – Satyam Computer Services Limited 1. The Satyam auditors attempted to confirm both cash and accounts receivable balances with external parties. Which of the audit assertions for cash and accounts receivable would confirmations be most relevant? The most relevant audit assertions for confirmation of cash and accounts receivable are probably existence and accuracy, but completeness, rights and obligations, valuation, and disclosure and presentation are also important (AS 2310.11). 2. R...
Summary
Georgetown CollegeACC MISCCase 4.7 - Satyam Computer Services Limited
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Case 4.7 – Satyam Computer Services Limited 1. The Satyam auditors attempted to confirm both cash and accounts receivable balances with external parties. Which of the audit assertions for cash and accounts receivable would confirmations be most relevant? The most relevant audit assertions for confirmation of cash and accounts receivable are probably existence and accuracy, but completeness, rights and obligations, valuation, and disclosure and presentation are also important (AS 2310.11). 2. R...
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