Arens,Loebbecke; Auditing,8/E
2000 Prentice Hall,Inc.
19
Improper Classifications
Hide A Greater Net Loss
VERIFICATION OF
SELECTED ACCOUNTS
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
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
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
Arens,Loebbecke; Auditing,8/E
2000 Prentice Hall,Inc.
Prepaid rent
Organization cost
Prepaid taxes
Patents
Prepaid insurance
Trademarks
Deferred charges
Copyrights
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