When Determining Sufficient and Appropriate Audit Evidence in Order to Form

question 98

Essay

When determining sufficient and appropriate audit evidence in order to form an opinion on the client's financial statements the auditor compiles audit documentation to support the opinion.The largest portion of audit documentation will include detailed supporting schedules prepared by the client or the auditor in support of specific accounts on the financial statements.The major types of supporting schedules include analysis schedules and tests of reasonableness.Discuss those two schedules and give an example for each schedule.

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Definitions:

Outpatient Procedure

A medical procedure or surgery performed in a clinic or hospital where patients are not required to stay overnight.

Community-Based Follow-Up

A healthcare approach that involves monitoring and supporting patients in their community settings after discharge from acute care, aiming to prevent complications and re-admissions.

Metastatic Cancer

Cancer that has spread from its original site to other parts of the body.