Kế toán, kiểm toán - Chapter 14: Accounts payable and other liabilities

Segregation of duties--purchases and disbursements

Approval of purchase orders

Numerical control of purchase orders and receiving reports

Matching of details of vendors’ invoices to purchase orders and receiving documents

Approval of vendors’ invoices

Pre-numbered checks

Reconciliation of details of individual disbursements to controlling accounts

Reconciliation of vendors’ statements to accounts

Reconciliation of bank accounts

Use of budgets and analysis of variances

Use of chart of accounts and review of account coding

 

ppt9 trang | Chia sẻ: hongha80 | Lượt xem: 442 | Lượt tải: 0download
Nội dung tài liệu Kế toán, kiểm toán - Chapter 14: Accounts payable and other liabilities, để tải tài liệu về máy bạn click vào nút DOWNLOAD ở trên
Accounts Payable and Other LiabilitiesChapter 14Controls Over the Acquisition CycleSegregation of duties--purchases and disbursementsApproval of purchase ordersNumerical control of purchase orders and receiving reportsMatching of details of vendors’ invoices to purchase orders and receiving documentsApproval of vendors’ invoicesPre-numbered checksReconciliation of details of individual disbursements to controlling accountsReconciliation of vendors’ statements to accountsReconciliation of bank accountsUse of budgets and analysis of variancesUse of chart of accounts and review of account coding2Acquisition Cycle--Documents Purchase orderReceiving reportVendor’s invoiceVendor’s statement34Objectives for the Audit Accounts Payable and PurchasesConsider inherent risks, including fraud risksConsider internal control over accounts payables and purchasesSubstantiate the existence of recorded accounts payable and occurrence of purchasesEstablish the completeness of accounts payable and purchase transactionsDetermine that the client has obligations to pay the recorded accounts payableDetermine that the valuation of accounts payable is in accordance with GAAPDetermine that the presentation and disclosure of accounts payable and purchases are appropriate56Substantive Tests of Accounts Payable 7Contrasting Confirmation of Accounts Payable and Accounts Receivable Accounts Payable Accounts ReceivablePrimary Audit Completeness Existence Objective Other Evidence External evidence Internal evidence Available held by client (i.e.., (i.e., sales invoices, vendors’ invoices receiving reports, and statements) etc.) Confirmation Generally No Yes Required?89

Các file đính kèm theo tài liệu này:

  • pptchap014_4661.ppt
Tài liệu liên quan