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Accounting. Audit and Tax
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Subject Topic: Audit:Tolerable difference in estimate?? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Mars
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Joined: 11 Mar 2007
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Posts: 514
Posted: 13 Jan 2011 at 14:49 | IP Logged  

Hey,

I've a question in audit,

The company made an estimate of accrued expense,

I used an invoice of prior month to estimate the accrued expense,

my question is, how much difference between my estimate and the the amount recorded is acceptable ?

it is a percentage of TE ? percentage of the amount estimated ?

Anyone can help ?

Thanks anyway :)

 



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Mars
Major Contributor
Major Contributor


Joined: 11 Mar 2007
Online Status: Offline
Posts: 514
Posted: 13 Jan 2011 at 15:00 | IP Logged  

Oh!  I just surf this section, and it looks like, topics are seen but no one answers :)

So I shouldn't expect any answer ..

could someone disappoint me and answer :)

 



__________________
DONE.
THANK YOU ALLAH.
THANK YOU CPANET.
IT IS A LONG STORY.
Back to Top View Mars's Profile Search for other posts by Mars
 



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