Assertions in Financial Statement Audit
· Chapter
Audit Chapter 5
26 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Audit of Borrowings and Loans
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3
Audit of Borrowings — Existence and Completeness
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4
Audit of Cash and Cash Equivalents
→
5
Audit of Depreciation and Amortisation
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6
Audit of Employee Benefit Expense (EBE)
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7
Audit of Inventory – Rights and Existence (SA 501)
→
8
Audit of Inventory – Test Counts, Completeness, Cut-off and Analytical Procedures
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9
Audit of Inventory – Valuation
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10
Audit of Loans & Advances and Other Current Assets
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11
Audit of Other Expenses
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12
Audit of Other Income — Interest, Dividend, and Investment Gains
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13
Audit of Property, Plant and Equipment (PPE)
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14
Audit of Provisions and Contingent Liabilities
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15
Audit of Purchases – Completeness and Analytical Procedures
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16
Audit of Purchases – Occurrence Assertion and Control Testing
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17
Audit of Sales Revenue – Occurrence, Completeness & Measurement Assertions
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18
Audit of Sales Revenue – Risk Assessment & Internal Control Testing
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19
Audit of Share Capital — Verification, Premium, Discount, Sweat Equity, Reduction
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20
Audit of Trade Payables & Other Liabilities – Existence & Direct Confirmation
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21
Audit of Trade Payables – Completeness and Cut-off Procedures
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22
Audit of Trade Payables – Valuation
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23
Audit of Trade Receivables (Debtors)
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24
Audit of Trade Receivables – Completeness & Cut-off Procedures
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25
Audit of Trade Receivables – Existence Assertion & Direct Confirmation (SA 505)
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26
Payroll Audit Procedures
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