Wk4 LT - Wk4 LT Ch 12 Comprehensive Questions 12-30 Required a Using only your general knowledge of accounting for plant assets and the general

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Wk4 LT Ch. 12: Comprehensive Questions 12-30 Required a. Using only your general knowledge of accounting for plant assets and the general framework for developing an audit program for substantive tests described in the chapter, develop an audit program for your first audit of the plant asset accounts of Apex Manufacturing Company. a. (example on pg 537 in ch. 12). This can be split up between 2 people as well, 1 can do Assertion/Test of Controls the first 5 and the other can do the final 5. TICY--first 5 Prepared By:_______________Date:_________ Reviewed By:______________Date:_________ Apex Manufacturing Company Audit Program for substantive tests of inventories Year Ending December 31, 2000 Working Reference Paper Assertion/Tests of Controls Auditor Date Initial Procedures (1-2) 1. Come to understanding of the client and the industry: a. Verify the cost of goods and sales within the industry b. What items will affect the market fluctuations of the company’s costs and sales c. Check with competitors and consignment
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This note was uploaded on 03/01/2012 for the course ACC 490 taught by Professor Ho during the Spring '12 term at University of Phoenix.

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Wk4 LT - Wk4 LT Ch 12 Comprehensive Questions 12-30 Required a Using only your general knowledge of accounting for plant assets and the general

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