ugaud.ch17 - Completing the Audit Perform analytical...

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Chapter 17: Completing the Audit Perform analytical procedures as part of overall review to help identify oversights. Are all suspicions resolved? Is audit evidence adequate?
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22 Completing the Audit Reevaluate materiality levels Do thresholds need to be modified in light of audit findings?
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33 Review for Subsequent Events 12/31 2/14 2/28 balance sheet field work issue date completion financial (audit report date) stmts. period under audit subsequent events period Subsequent events are events or trans- actions having a material effect on the financial statements that occur after the balance sheet date but before the completion of audit field work.
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44 12/31 2/14 2/28 balance sheet field work issue date completion financials period under audit subsequent events period 1.events that provide additional evidence about conditions that existed at the balance sheet date (e.g., settlement of liabilities, realization of assets) types of subsequent events Client financial statements for the period under audit must be adjusted to reflect this subsequent event information.
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This note was uploaded on 05/13/2011 for the course BUSACC 1238 taught by Professor Hoffman during the Spring '11 term at Pittsburgh.

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ugaud.ch17 - Completing the Audit Perform analytical...

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