测验复习目标前课中介绍信息时间分钟说明有个问题assr a1 c2 o1 l11 sl final决赛15jun15.pptx

Quiz:reviewoflessons1–10Objective:Reviewinformation

presentedintheprevious

10lessonsTime:10minutesInstructions:Therewillbe10questions.Theinstructorwillreadeachquestion.WriteyouransweronPM11.1:QuizAnswerSheet.Whenall10questionshavebeenpresented,youwillexchange

papersandscorethem.

AuditProcedures–FoundationLiabilitiesandTradePayables

LearningobjectivesDiscusstherelationshipbetweensubstantiveproceduresandauditriskforliabilitiesDiscusstradepayablestheoryincludingwhyandhowweperformsubstantiveproceduresonthemPerformanddocumentsubstantiveproceduresfortradepayableaccounts(unrecordedliabilities)

Liabilities–assertionsLiabilities–assertionsExistenceCompletenessValuationRightsandobligationsPresentationanddisclosureMajorconcernsare:Completenessandvaluation

LiabilitiesdiscussionDiscussionofHO1.1:ConceptDiagramFocusontheliabilityside.Basicaccountsandconcernsfromanauditperspectivearethesameregardlessofindustry.Whatarethemainrisksfromanauditperspective?Whatprocedurescouldbeperformed?

Exercise1:tradepayablessubstantiveproceduresObjective:Reviewtheinformation

presentedontradepayablesTime:25minutesInstructions:Eachteamrandomlyselects

questions.Foreachquestion,eachteamcreates

aposterillustratingtheanswer.Limit10wordsperposter.Usegraphics,diagrams,etc.Whencompleted,displayyourteam’sposter.Duringgroupdiscussion,someonefromyourteampresentsyourposter.

Exercise2:searchforunrecordedliabilitiesObjective:Practicesearching

forunrecordedliabilitiesTime:30minutesInstructions:Readthecompletesetofdirections

inPM11.3.ReviewtheinvoicesinPM11.4.Talkwithyourseniorasneeded.EachpersoncompleteshisorherownworkpaperinPM11.5.

SummaryNowyoushouldbeableto:DiscusstherelationshipbetweensubstantiveproceduresandauditriskforliabilitiesDiscusstradepayablestheoryincludingwhy