Audit procedures

Question 1

What are the audit procedures

1. Inquiry
   -Getting information from inside knowledgeable persons inside and outside the entity.
2. Observation
   -Auditor watches a process or procedure being performed
3. Inspection
   -Physically examining records or documents
   -Physically examine tangible assets
4. Recalculation (Accuracy)
   -Independently verifying the mathematical accuracy of documents or records
5. Reperformance
   -Independently executing procedures or controls originally performed by the client