Go Audit Day 8

The 1st half of the day saw an extended session of Cash and Bank.We first listed down what all assertions and factors influence the validation of Cash and Bank..We were then provided Data and asked to validate and Document on the MyClient for the Dummy Client Simply Sauces..There were many steps and it took quite a time.

Then it was lunch..the food was same as before,in the pastry section Fruit Trifle substituted for Pineapple Gateaux..it was ok not upto my expectations:),i had only 1 serving..(a drastic reduction on the intake compared to yesterday)

The 1st half of the post lunch session was on GTS.We were given brief explaination about the server,connectivity etc and pictorial representations were displayed to show the flow of data to various locations.Also was said about the maintainence of Laptop,how careful we should be,what stuff to have and what not to.Also stress was laid on the topic of Replication(well obviously considering the importance)

The 2nd half was on Fraud Risk.We were asked as to in what all situations and what all components fraud generally arises..There were also discussions on the Enron Scam and other egs highlighting Fraud..Also was put up a video showing a real life incident where one man had done fraud worth over millions of Dollars.We were asked questions based on the video and were explained about the fraud and how fraud can be eradicated if we follow our audit principles rigidly.It wqs the longest day and ended only at 7,the last 1/2 hour was more on what PWC Stands for,what its worth is,how well its recognised the world over,We were also told about the London Office which is supposed to have 29 Floors.
So that was about the Penultimate Day.Are we in for any surprises on the final Day??..my guess is as good as yours!!