Page 7 - eBook Audit Of Financial Statement Components

Table of Contents

Audit On Financial Statements .............................................................................................................. 1

Introduction ........................................................................................................................................ 1
CHAPTER 1: AUDITING PROCEDURES ON REVENUE ......................................................................... 2
1.1 The Accounting System And Control Activities For Revenue ................................................. 4

1.2 Performing Further Audit Procedures .................................................................................... 5
1.2.1 Test Of Control For Revenue ..................................................................................... 5

1.2.2 Substantive Procedures For Revenue........................................................................ 7
Analytical Procedures ............................................................................................... 8

Test Of Details Of Transactions ................................................................................ 9
Test Of Details Of Balances .................................................................................. 11

TUTORIAL.................................................................................................................................... 14
CHAPTER 2: AUDITING PROCEDURES ON EXPENSES ...................................................................... 16
2.1 The Accounting System And Control Activities For Expenditure .......................................... 19

2.1.1 Test Of Control For Expenditure .............................................................................. 19
2.1.2 Substantive Procedures For Expenditure ................................................................ 22

Analytical Procedures ............................................................................................. 23
Test Of Detail Of Transactions ............................................................................... 24

Test Of Details Of Balances .................................................................................... 26
CHAPTER 3: AUDITING PROCEDURES ON CURRENT ASSETS .......................................................... 28

3.1 Audit Of Cash And Bank Balances ......................................................................................... 28
3.2 Audit Of Trade Receivables ................................................................................................... 30
3.3 Inventories And Work In Progress ........................................................................................ 33

TUTORIAL.................................................................................................................................... 35
CHAPTER 4: AUDITING PROCEDURES ON NON-CURRENT ASSETS ................................................. 40

4.1 Substantive Procedures ....................................................................................................... 41
TUTORIAL.................................................................................................................................... 43

CHAPTER 5: AUDITING PROCEDURES ON CURRENT LIABILITIES .................................................... 45
TUTORIAL.................................................................................................................................... 48

CHAPTER 6: AUDITING PROCEDURES ON NON-CURRENT LIABILITIES .......................................... 49
CHAPTER 7: AUDITING PROCEDURES ON EQUITY ........................................................................... 51
APPENDICES

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