C. P. A. Auditing Questions to January 1, 1914; Comprising All the Available Examination Questions in Auditing That Have Been Set by C. P. A. Examining Boards Up to and Including December 31, 1913 (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: PENNSYLVANIA Question 310 How far should an auditor inquire into the work of his predecessor, and what circumstances might affect his decision upon this point? Question 311 Of what use is the minute hook of a corporation to an auditor ? Question 312 Of what use are partnership papers to an auditor? Question 313 You are called upon to audit the disbursements of a treasurer's account of a manufacturing company. The voucher system is in use. Five thousand vouchers are involved, these being paid by bank check which is attached to its voucher, or one of several it may have paid. You are expected to examine all the vouchers, although a number of them may have been journalized. State your method of procedure, also how you know you have seen every voucher issued in the period under review. While this is going on, and may occupy some weeks in its discharge, office boys, clerks, manager, superintendents have access to the vouchers, and are allowed to take out and return for reference purposes of their own at will. Question 314 How would you audit the receipts of a treasurer, they being deposited in the several depositories of the company? If not all deposited, what would you do to verify? Question 315 A bookkeeper of a manufacturing concern fails to make all proper charges of time sales. No order book was kept. He retains twelve to fifteen hundred dollars yearly for many years of payments received on account of these time sales, by cashing the checks received in due course, out of the drawer, and deposits the said checks regularly in firm's bank account, properly indorsed by firm. How would you detect this? Question 316 In auditing the books of a department store where sales checks are used, and are sent at once to the cashier with money offered in...