[Anonymous]

I am not understanding the explanation my Becker book.

[Anonymous]

Do you mean “checking to see if you're independent from the client” or “Have another person do independent checks of financial assertions?”

I would assume the former but it's audit…

[Anonymous]

As I understand it, independent checks are when someone reviews the work of another. So accounting staff prepares a journal entry, and the accounting manager reviews it before posting to the general ledger. Or staff prepares an account reconcilliation, and the manager reviews it. It's an independent check because the manager did not participate in preparing the work, so he/she is able to review it objectively.

[rknight21]

independent checks are a good control technique… eg. when doing inventory counts, having persons independent of an area count those inventory. its really broader than that but name explains it all… independently have someone check something

[Anonymous]

ok got it. thanks

[Account Ant]

The term has been changed to “Performance Review”

FAR 70,89
REG November 2014
BEC Didn't even look at it.
AUD 83

[Author]

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