X hits on this document

Powerpoint document

CHAPTER 18 AUDITING INVESTMENTS AND CASH BALANCES Spring 2007 - page 15 / 26

71 views

0 shares

0 downloads

0 comments

15 / 26

Investments: Standard Substantive Tests

Initial procedures

Agree beginning balance to prior year workpapers

Review activity in investment-related accounts for entries that are unusual in nature or amount

Test client-prepared schedules of activity (rollforward) in all investments, for mathematical accuracy and agreement with the underlying accounting records.  

Determine that schedules and subsidiary investment ledgers agree with related GL control account balances.  

These schedules are the basis for add’l substantive tests.

Analytical Procedures

Document info
Document views71
Page views71
Page last viewedSun Dec 11 10:08:02 UTC 2016
Pages26
Paragraphs295
Words1305

Comments