STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY
Control covers debts and liabilities, outstanding liabilities and purchases and expenses in the profit and loss and long-term liabilities, provisions and funding costs. The validation tests applied to cover all, claims liabilities in the financial statements but with less emphasis on testing for re...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2013-12-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/annals/economics/pdf/2013/part2/Ravas_B_.pdf |
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| author | BOGDAN RĂVAŞ |
| author_facet | BOGDAN RĂVAŞ |
| author_sort | BOGDAN RĂVAŞ |
| collection | DOAJ |
| description | Control covers debts and liabilities, outstanding liabilities and
purchases and expenses in the profit and loss and long-term liabilities, provisions and funding costs. The validation tests applied to cover all, claims liabilities in the financial statements but with less emphasis on testing for registration. It can be done but circularize commercial debt is often not necessary because suppliers provide documentary evidence statements from third parties. Direct circularization of claims is a basic procedure, but it does not provide evidence for all relevant assertions. Other important procedures are: tests of independence; testing for the possibility of recovery. |
| format | Article |
| id | doaj-art-4387b78cf698477db6e681f1186cc762 |
| institution | DOAJ |
| issn | 1582-5949 2247-8620 |
| language | English |
| publishDate | 2013-12-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-4387b78cf698477db6e681f1186cc7622025-08-20T03:11:42ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202013-12-01XIII2213220STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANYBOGDAN RĂVAŞ0University of Petrosani, RomaniaControl covers debts and liabilities, outstanding liabilities and purchases and expenses in the profit and loss and long-term liabilities, provisions and funding costs. The validation tests applied to cover all, claims liabilities in the financial statements but with less emphasis on testing for registration. It can be done but circularize commercial debt is often not necessary because suppliers provide documentary evidence statements from third parties. Direct circularization of claims is a basic procedure, but it does not provide evidence for all relevant assertions. Other important procedures are: tests of independence; testing for the possibility of recovery.http://www.upet.ro/annals/economics/pdf/2013/part2/Ravas_B_.pdfcontrolsupplierscustomersdebtsliabilities |
| spellingShingle | BOGDAN RĂVAŞ STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY Annals of the University of Petrosani: Economics control suppliers customers debts liabilities |
| title | STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY |
| title_full | STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY |
| title_fullStr | STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY |
| title_full_unstemmed | STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY |
| title_short | STUDY ON INTERNAL CONTROL OF SUPPLIERS AND CUSTOMERS IN A CONSTRUCTION COMPANY |
| title_sort | study on internal control of suppliers and customers in a construction company |
| topic | control suppliers customers debts liabilities |
| url | http://www.upet.ro/annals/economics/pdf/2013/part2/Ravas_B_.pdf |
| work_keys_str_mv | AT bogdanravas studyoninternalcontrolofsuppliersandcustomersinaconstructioncompany |