Revision session Flashcards
1
Q
mnemonic for SOFP substansive procedures
A
COVEC + P
2
Q
mnemonic for SOPL substansive procedures
A
OCCCA + P
3
Q
C in covec
A
Completeness
4
Q
O in COVEC
A
Obligations
5
Q
V in COVEC
A
Valuation
6
Q
E in COVEC
A
Existence
7
Q
2nd C in COVEC
A
Classification
8
Q
what is completeness
A
if everything is included,
checking for understatements
9
Q
what is obligations
A
if they own it
10
Q
what is valuation
A
if the accurate figure is recorded
11
Q
what is existence
A
if it physically exists
if its been overstated
12
Q
what is classification
A
if the figure is in the right nominal code
13
Q
O in OCCCA
A
Occurence
14
Q
1st C in OCCCA
A
Classification
15
Q
2nd C in OCCCA
A
Cut off
