审计学（英文）_19 Completing The Test In The Acquisition and (1/2)

Completing The Test In The Acquisition and 19 Payment Cyclen VERIFICATION OF SELECTEDACCOUNTS Improper Classifications Hide a greater Net Loss Arens, Loebbecke; Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. 19 Improper Classifications Hide A Greater Net Loss VERIFICATION OF SELECTED ACCOUNTS

Types of Other Accounts In The Acquisition and Payment cycle TABLE 19-1 Accounts Typically Associated with Acquisition and Payment Cycle Transactions Assets Expenses Liabilities Cash Cost of goods sold Accounts payable Inventory Rent expense Rent payable Supplies Property Accrued professional ees Property, plant, and equipment Income tax expense Accrued property taxes Patents, trademarks, and copyrights Insurance expense Other accrued expenses Prepaid rent Professional fees Income taxes payable Prepaid taxes Retirement benefits Prepaid insurance Utilities Arens, Loebbecke; Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Types of Other Accounts In The Acquisition and Payment Cycle TABLE 19 - 1 Accounts Typically Associated with Acquisition and Payment Cycle Transactions

FIGURE 19-1 Set tolerable misstatement and assess inherent risk Phase I for accounts accounts Methodology for Designing Design and perform tests of Tests of details of balance controls and substantive tests of transactions for Phase ll for Other Acquisition and the acquisition and payment cycle Payment Cycle Accounts Design and perfor nalytical procedures for Ph the acquisiti payment cycle Design tests of details Audit procedures of account balances Sample size o satis balance-related Timing Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Methodology for Designing Tests of Details of Balance for Other Acquisition and Payment Cycle Accounts FIGURE 19 - 1

AUDIT OF PROPERTY, PLANT, AND EQUIPMENT Overview of Equipment-Related Accounts Analytical procedures Verification of current-year acquisitions Verification of current-year disposals Verification of the ending balance in the asset account Verification of depreciation expense Verification for the ending balance in accumulated depreciation Arens, Loebbecke; Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. AUDIT OF PROPERTY, PLANT, AND EQUIPMENT Overview of Equipment-Related Accounts • Analytical procedures • Verification of current-year acquisitions • Verification of current-year disposals • Verification of the ending balance in the asset account • Verification of depreciation expense • Verification for the ending balance in accumulated depreciation

AUDITOFPREPAIDEPENSES Prepaid rent Prepaid insurance Organization cost · Trademarks · Prepaid taxes · Deferred charges Patents Copyrights Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. • Prepaid rent • Organization cost • Prepaid taxes • Patents • Prepaid insurance • Trademarks • Deferred charges • Copyrights

Classifications of Property, Plant, and Equipment Accounts Land and land im provements Building and building improvements Manufacturing equipment Furniture and Fixtures Autos and trucks easehold improvements Construction-in-process for property, plant, and equipment Arens, Loebbecke; Auditing, &/E @2000Prentice HalL,Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Classifications of Property, Plant, and Equipment Accounts Land and land improvements Building and building improvements Manufacturing equipment Furniture and Fixtures Autos and trucks Leasehold improvements Construction-in-process for property, plant, and equipment