2011 Audit 4 Text Update - This first page gives a listing...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
This first page gives a listing of the corrected lecture text pages that follow. Print these corrected pages and insert in the lecture text. AUDITING Date Added Lecture Page Number Description 03/14/2011 A-4 19 Add text 03/24/2011 A-4 27 Add text 03/24/2011 A-4 35 Add text
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Becker Professional Education | CPA Exam Review Auditing 4 © 2010 DeVry/Becker Educational Development Corp. All rights reserved. A4- 19 2. Transactions and Events (COVEU) When testing transactions, the most relevant assertions are: a. C ompleteness All transactions and events that should have been recorded have been recorded. b. Cut-O ff Transactions and events have been recorded in the correct accounting period. c. V aluation, Allocation, and Accuracy Amounts and other data relating to recorded transactions and events have been recorded appropriately. d. E xistence and Occurrence Transactions and events that have been recorded have occurred and pertain to the entity. e. U nderstandability and Classification Transactions and events have been recorded in the proper accounts. 3. Presentation and Disclosure (CVRU) When testing financial statement disclosures, the most relevant assertions are: a. C ompleteness All disclosures that should have been included in the financial statements have been included. b. V aluation, Allocation, and Accuracy Financial information and other information are disclosed fairly and at appropriate amounts. c.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/25/2011 for the course ACCOUNTING AC591 taught by Professor W during the Spring '11 term at Keller Graduate School of Management.

Page1 / 4

2011 Audit 4 Text Update - This first page gives a listing...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online