Audit of the Acquisition and Payment Cycle采集.PPT

Audit of the Acquisitionand Payment Cycle Chapter 18 Learning Objective 1 Transactions in the Acquisition and Payment Cycle Accounts in the Acquisitionand Payment Cycle Accounts in the Acquisitionand Payment Cycle Learning Objective 2 Classes of Transactionsand Accounts Classes of Transactionsand Accounts Business Functionsin the Cycle Related Documentsand Reports Related Documentsand Reports Related Documentsand Reports Learning Objective 3 How E-Commerce Affects the Acquisition and Payment Cycle How E-Commerce Affects the Acquisition and Payment Cycle Learning Objective 4 Methodology for Designing Tests ofBalances – Accounts Receivable Methodology for Designing Tests ofBalances – Accounts Receivable Understand Internal Control Assess Planned Control Risk Evaluate Cost-Benefit of Testing Controls Controls and Substantive Tests ofTransactions for Acquisitions Controls and Substantive Tests ofTransactions for Cash Disbursements Learning Objective 5 Methodology for Designing Testsof Details of Balances for A/P Methodology for Designing Testsof Details of Balances for A/P Methodology for Designing Testsof Details of Balances for A/P Learning Objective 6 Analytical Procedures for the Acquisition and Payment Cycle Analytical Procedures for the Acquisition and Payment Cycle Learning Objective 7 Out-of-Period Liability Tests Out-of-Period Liability Tests Cutoff Tests Learning Objective 8 Reliability of Evidence Sample Size Types of Audit Tests for theAcquisition and Payment Cycle Types of Audit Tests for theAcquisition and Payment Cycle End of Chapter 18 Design and perform tests of details of balances for accounts payable, including out-of-period liability tests. Examine underlying documentation for subsequent cash disbursements. Examine underlying documentation for bills not paid several weeks after the year end. Trace receiving reports issued before year-end to related vendors’ invoices. Trace vendors’ statements that show a balance due to the accounts