Chap016 - Chapter 16 - Auditing the Financing/Investing...

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Chapter 16 - Auditing the Financing/Investing Process: Cash and Investments Chapter 16 Auditing the Financing/Investing Process: Cash and Investments Learning Objectives Review Questions Multiple- Choice Questions Problems Discussion Cases Internet Assignments/ ACL Problems/ EarthWear Mini-Cases (EWMC) LO 1 : Understand the relationship of the various business processes to cash. 1 LO 2: Know the different types of bank accounts. 2 LO 3: Know tests of details of transactions used to audit cash. 3 ACL EWMC LO 4 : Be able to explain tests of details of account balances used to audit cash. 4,5 12,13 25 ACL LO 5: Know how to audit a bank reconciliation. 4,5 14,15,16 26 EWMC LO 6 : Understand fraud-related audit procedures for cash. 6,7 12,13,17 25 LO 7: Understand why clients invest in securities of other entities. 24,27 31 LO 8 : Be able to explain key controls for investments. 8 18 24,27 LO 9: Know the appropriate segregation of duties for investments. 8 18 24 LO 10: Know tests of details of account balances used to audit investments. 9,10 19,20, 21,22 27,28,29 31 LO 11: Understand how to audit fair value measurements. 11 23 30 16-1
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Chapter 16 - Auditing the Financing/Investing Process: Cash and Investments END OF CHAPTER MATERIALS COMPARISION CHART Number in 7 th edition Comparison Number in 6 th edition 16-1 Unchanged 16-1 16-2 Unchanged 16-2 16-3 Unchanged 16-3 16-4 Unchanged 16-4 16-5 Unchanged 16-5 16-6 Unchanged 16-6 16-7 Unchanged 16-7 16-8 Unchanged 16-8 16-9 Revised 16-9 16-10 Unchanged 16-10 16-11 New 16-12 Unchanged 16-11 16-13 Unchanged 16-12 16-14 Revised 16-13 16-15 Unchanged 16-14 16-16 Revised 16-15 16-17 Revised 16-16 16-18 Unchanged 16-17 16-19 Unchanged 16-18 16-10 Unchanged 16-19 16-21 Revised 16-20 16-22 Unchanged 16-21 16-23 New 16-24 Unchanged 16-22 16-25 Unchanged 16-23 16-26 Revised 16-24 16-27 Unchanged 16-25 16-28 Unchanged 16-26 16-29 Revised 16-27 16-30 New 16-31 Unchanged 16-28 16-2
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Chapter 16 - Auditing the Financing/Investing Process: Cash and Investments The focus of Chapter 16 is cash and investments. We usually cover these topics after the business processes because cash interacts with each of the other business processes. [LO 1] Cash and the Effect of Other Business processes
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This note was uploaded on 04/05/2011 for the course ACC 311 taught by Professor Hogwarts during the Spring '11 term at Michigan State University.

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Chap016 - Chapter 16 - Auditing the Financing/Investing...

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