Today, my focus is on completing the remaining CAATs tests on Company “MY”, including the JV test, trade receivable aging test, and payroll test. Unfortunately, I cannot proceed with the purchase and sales three-way match test due to the company's lack of a system to record these operations, resulting in the absence of necessary documents to perform the test. Therefore, I will concentrate my efforts on the JV test and the payroll test. The JV test requires significant attention as the client has provided an extensive collection of documents, and it is crucial to identify the correct ones to avoid generating any discrepancies or variances.
Main things that have learnt
To learn how to select the required documents to perform for CAATs test.
Comment/idea/opinion
N/A
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