Maximum 2 pages of content and table , excluding references and appendix
A) 2 table
-1 traditional and 1 kabbage (select sales invoces form Masterfile trace it to sales journal) include completeness, occurance, existence if there is vouching
- Kabbage table- test of control
- Vouching ? depends on procedure. How persuasive is that audit evidence.
- The original question's assertions of completeness and existence are correct, but the audit procedures of tracing and vouching that you may use in the audit programme for revenue account will touch on completeness and occurrence as well.
B) Discussion limitation of audit procedure
- To be able to discuss and evaluate the drawbacks and persuasiveness of audit evidence Kabbage
- To be able to assess how the client’s IT influences audit risk
- Comparing the Kabbage data aggregation with traditional processes related to the credit approval process. Your focus will be on the audit assertions of completeness and occurrence.
- Discussion on the evaluation of sufficient appropriate audit evidence, including social media.
C) Recommendation- only talk about kabbage. DON’T TALK TRADITIONAL!!
D) Conclusion – assess how disruptive technologies, influence the demand for audit and assurance engagements.