Joanne M. Flood

Wiley Practitioner's Guide to GAAS 2020


Скачать книгу

and amortization to fixed asset costs Industry experience and trends Terms of lease agreements Intangible assets Documents supporting acquisitions, Including authorizations in minutes, purchase agreements, contracts, and so on Review of controls over accounts payable and cash disbursements Documents supporting acquisitions Documents supporting acquisitions Terms of contracts and purchase agreement Appraisal reports Minutes of board or committee meetings Recalculation of amortization Representations and other information regarding use and realizability of assets Industry experience and trends Verification of foreign currency exchange rates Accounts payable Confirmation of selected accounts Circularization of vendors Confirmation of selected balances Foreign currency exchange rates from newspapers, and so on Confirmation of terms with creditors Supporting documents, including purchase orders, invoices, receiving reports, check requests, and so on Tests of year-end purchasing and receiving cutoff procedures Purchase contracts and vendor statements Purchase agreement and contract terms Vendor statements Reconciliation of trial balances and general ledger control accounts Review of subsequent payments Review of unmatched vendor invoices and receiving reports Review of controls over purchasing, receiving, and cash disbursements Accrued taxes and other expenses Tax bills, invoices, and other documents supporting charges for services Analysis of general ledger account activity Tax bills, invoices, and other documents supporting charges for services Documents relating to items accrued Terms of tax bills, and so on Subsequent payments Comparison of account balances between years Subsequent payments Recalculation of amortization Internal Revenue Service agents’ reports Industry experience Review of controls over recording of cash disbursements Recomputation of ending account balance Discussion of estimated future costs with entity personnel Debt Confirmation with lenders Bank confirmations Notes and loan agreements Current interest rate quotations Confirmation of terms with lenders Note and loan agreements Representations from management Lease agreements Foreign currency exchange rates from newspapers, and so on Terms of note and loan agreements Lease agreements Reference in minutes to commitments, obligations, acquisitions, and so on Terms of lease Authorization in minutes of board meetings Correspondence from legal counsel Current bank prime rate schedules Revenue Documents in support of selected revenue transactions, including customer orders, contracts, shipping