Chapter 9 Power Point

Chapter 9 Power Point - Chapter 9 Substantive Procedures...

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Chapter 9 Substantive Procedures and the Financial Statement Audit Prepared by Adrianne E. Slaymaker, D.B.A. CPA
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Subs tantive Procedures on Accounts and Dis clos ures Learning Objective #1 EXHIBIT 9-1
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TRANSACTION CYCLES AND ACCOUNT BALANCES Learning Objective #1 Transaction cycles can be defined differently for different businesses and industries, but generally most businesses have a cycle dealing with Sales or sources of revenue and cash receipts Purchases or acquisitions and cash disbursements Human resources Production or inventory, which, when necessary includes cost accounting Activities that are financing related, such as investment, debt, and equity transactions
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AUDIT DOCUMENTATION Learning Objective #4 Lead schedule is the term for the audit work paper that lists and specifies the components that make up the line item on the working trial balance. Detailed work papers support the information on the lead schedule, providing information about the audit tests performed on each component of the trial balance line item and results of the tests .
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Work Paper Examples Learning Objective #4
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Work Paper Examples Learning Objective #4 EXHIBIT 9-5
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Related Party Trans actions [AU 334] Learning Objective #5
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Illegal Acts [AU 317] Learning Objective #5
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AREAS ADDRESSED IN THE CASH SEGMENT OF THE AUDIT Learning Objective #6 EXHIBIT 9-6
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AREAS ADDRESSED IN A FINANCIAL STATEMENT AUDIT Learning Objective #6
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Receivables Learning Objective #6
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Inventory Learning Objective #6
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IMPORTANT CONSIDERATIONS IN A FINANCIAL STATEMENT AUDIT Learning Objective #5 Es timates [AU 342]
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Inves tments , Emphas is on Marketable Securities Learning Objective #6 EXHIBIT 9-9
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Fair Value [AU 328] Learning Objective #5
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Current Payables Learning Objective #6 EXHIBIT 9-10
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Long-Term Debt Learning Objective #6 EXHIBIT 9-11
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Going Concern [AU 341] Learning Objective #5
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This note was uploaded on 02/22/2012 for the course ACCT 512 taught by Professor Slaymacker during the Spring '12 term at Globe.

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Chapter 9 Power Point - Chapter 9 Substantive Procedures...

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