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  • Auditing Account Dan Cycle

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    dina maryana
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    The document discusses auditing accounts and cycles. It lists common accounts like sales revenue, cash, inventory, non-current assets, and liabilities. It defines an auditing cycle as a set of related accounts like the revenue cycle of sales, sales discounts, sales returns, accounts receivable, and cash. The objectives of auditing accounts and cycles are to check assertions of existence, completeness, rights and obligations, valuation, and presentation; check compliance with accounting standards; detect material misstatements; suggest revisions; and provide a basis for an audit opinion.

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    The document discusses auditing accounts and cycles. It lists common accounts like sales revenue, cash, inventory, non-current assets, and liabilities. It defines an auditing cycle as a set of related accounts like the revenue cycle of sales, sales discounts, sales returns, accounts receivable, and cash. The objectives of auditing accounts and cycles are to check assertions of existence, completeness, rights and obligations, valuation, and presentation; check compliance with accounting standards; detect material misstatements; suggest revisions; and provide a basis for an audit opinion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views6 pages

    Auditing Account Dan Cycle

    Uploaded by

    dina maryana
    The document discusses auditing accounts and cycles. It lists common accounts like sales revenue, cash, inventory, non-current assets, and liabilities. It defines an auditing cycle as a set of related accounts like the revenue cycle of sales, sales discounts, sales returns, accounts receivable, and cash. The objectives of auditing accounts and cycles are to check assertions of existence, completeness, rights and obligations, valuation, and presentation; check compliance with accounting standards; detect material misstatements; suggest revisions; and provide a basis for an audit opinion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Auditing Account & Cycle

    by:
    Bambang Leo Handoko (D5271)
    Auditing Account
    Sales Revenue Cash Inventory

    amazon.com kiplinger.com itarian.com


    Non Current Asset Investment Liabilities

    ferrisbritton.com moneycontrol.com
    Auditing Cycle
    • A Cycle consist of a set of account which are related

    Sales Discount Sales Return


    Example cycles:
    • Revenue Cycle Account Cash
    • Expenditure Cycle Receivable
    • Production cycle
    • Personnel Cycle Bad Debt
    Sales Expense

    masrecovery.com
    Objective of auditing account & cycle

    • Check the assertions

    • Existence & Occurrence


    • Completeness
    • Right & Obligation
    • Valuation or allocation
    • Presentation & Disclosure
    Objective of auditing account & cycle
    • Check the suitability of reporting with applicable
    accounting standards

    avantage.ca fundamentalofaccounting.org
    Objective of auditing account & cycle

    • Detect material misstatement


    • Detect material misstatement
    • Suggest revision: adjustment, restatement
    • basis in providing audit opinion

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