Explore BrainMass

Explore BrainMass

    Audit Program Design: Cash Cycle at Apollo Shoes

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Design tests of controls, substantive tests of transactions, and analytical procedures for the Cash Cycle at Apollo Shoes.

    © BrainMass Inc. brainmass.com June 4, 2020, 3:25 am ad1c9bdddf
    https://brainmass.com/business/auditing/audit-program-design-cash-cycle-at-apollo-shoes-513866

    Solution Preview

    The two main elements of the cash cycle are accounts receivable and accounts payable - cash coming in and cash going out. Both departments (A/R and A/P) at Apollo Shoes need to be separated and they should be highly structured to prevent any potential fraud or other misstatements. Within the accounts receivable portion of the cash cycle, it is important that separate logs be maintained. This is due to the size of ...

    Solution Summary

    This solution provides a detailed explanation for the tests of controls, substantive tests of transactions, and analytical procedures for the cash cycle at Apollo Shoes.

    $2.19

    ADVERTISEMENT