Yo... today... went school for Audit makeup lesson... 2-6pm
Audit role play was so so. cos my grup was the first grup to present/act so dunno how to act. like how does it goes about. group with shilam, caroline and binghan
Scenario on discuss decrease of AR balance Auditor's info: Sale increase 30% cos biz picking up AR decrease 20% cash balances decrease 40%
Client's info: buiz bad-economy is bad- Ar balance decrease. took cash for own purpose-fraud. no ppl find out.
i just hear hear and take notes. cos i suppose to support caroline and ask question however, i shuld have ask more question.
y din i think that the cash balance decrease is quite material shuld have ask more. although bad debt did contra but the decrease is too material alr...
turn out to be, there's fraud. but din ask until that. haiz. den binghan change role with caroline.
whole thing was quite fast. for less than 10 min for my grup i think.
den second team. ening, the guy( dunno who-joined our class) joan and cindy.
i forget what is the scenario is abt le. i think is to provide doubtful debt/ depreciation den dunno what follow policy anot and such. funny cos ening keep "entertain" the twos and den teacher switch role with him half way. THat one more funny.
lOls. the way the teacher act is so professional... oh is provison for doubtful debts. in the ended, the group aslo din get the answer they wan. cos client too hostile. auditor getting to be hostile also
scenario 3: shirui:observer haiza: client(over friendly) tze wen: auditor 1 yvonne: auditor 2 Their's is abt the gross profit margin how come decrese, damn hard also. still gt formula..
cos of selling price not expenses(which they ask) they also nvr find out the actual reason
Haiza was funny, keep stressing on "its the economy's fault"
lAst scenario: huimin, shirley: observer angeline: client(quiet and reserved) alvin: auditor 1 darui: auditor 2.
This one alvin act more like dating girl than audit lols. scenario is on why FA increase reason is: buy more equipment. but they also nvr find the real reason. cos client too quiet le. hard to find out.
That's all and den do practice set and took class photo.
den went bishan for dinner with yvonne. LAska! lols. den went home played viwawa bridge till now. haha.
class photo:ta22 from left to right. (by head to head) (nt back to front)
