The objective of analytical procedures used in the overall review stage of the audit is to assist the auditor in assessing the conclusions reached and in the evaluation of the overall financial statement presentation. A wide variety of analytical procedures may be useful for this purpose. The overall review would generally include reading the financial statements and notes and considering (a) the adequacy of evidence gathered in response to unusual or unexpected balances identified in planning the audit or in the course of the audit and (b) unusual or unexpected balances or relationships that were not previously identified. Results of an overall review may indicate that additional evidence may be needed. [Paragraph renumbered by the
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Wayne Gouveia convinced his 21 year old girlfriend Leanne McCarthy that he was a MI5 agent sent to protect her. Leanne worked in a nearby jewelry store, Rowell Jewelry in Turl Street, Oxford. Wayne and Leanne began dating in 2007. Wayne showered her with expensive gifts and the couple moved in together. He claimed he could afford so many presents because he also worked as an undercover policeman. Wayne told her his assignment was to protect her during a robbery that her boss was planning to collect insurance payout. He also told her that her boss was trying to poison her with anthrax powder as part of the scheme. He gained her trust by producing a false Official Secrets Act for her to sign. He told her his boss wanted to recruit her as a spy and he took her on fictional security service stake outs. She in turned allowed him to intercept all her mail, including bank cards and PINs because she believed it was laced with anthrax.
Wayne was able to scam her out of her savings and financial details to defraud her of £14,000. He admitted to three charges of fraud by false representation at Oxford Crown Court. He was convicted March 2009 to an eighteen month sentence. He was 25 at the time of sentencing.
AU Section 329 Analytical Procedures. (2002). Retrieved November 8, 2010, from Public Company Accounting Oversight Board: