Supplementary Information help??

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  • #174083
    Anonymous
    Inactive

    Hello All,

    I am studying for audit and have been bascially through all the chapters the one part I am struggling with consistently is the supplementary information just can’t get a grasp of how it fits in and what we do with it in regards to the audit. If anyone has any suggestions or insight any help would be great!

    -PS I have been using Becker

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  • #378231
    JoeL
    Member

    I saw lots questions on supplementary information, here are some suggestion

    1. no refer of supplementary information (you can choose this if you don't see any good choice)

    2. disclaimer on the supplementary information

    3. being engaged to report on supplementary information, must apply sufficient procedures to exam the information

    4. apply limited procedures and add explanatory paragraph (choose this once you see this)

    5. if client omit the required supplementary information, you must add explanatory paragraph (unqualified opinion with explanatory language)

    6. you need to find out if the supplementary information is consistent with the complete financial statement

    #378232
    jenuno01
    Member

    Hmm, I think the OP means the actual Supplemental info within the chapters. I would skip reading those sections in the book. As far as the Supplemental questions, they are mostly based from released questions in the 1980's and 1990's. They are good for extra practice, but sometimes they seem too antique and can get annoying. I would do a few just for practice and move on.

    Class of 2012

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