Professional Review and

Training Center (PRTC)

Considering Accounting Estimates,

Related Parties,
Litigation and Claims, Segment
Information, and Going Concern
(AT.2514)

Leomar R. Cabarles
Outline
Outline
Accounting
Estimates
Accounting Estimates:
Accounting Estimates: Responsibility
Responsibility

MGT F/S Auditor

Prepare Evidence of no
material
misstatement
Accounting Estimates:
Accounting Estimates: Reasonableness
Reasonableness
Audit Procedures
Audit Procedures
Related Parties
 Related Parties:
Related Parties: Responsibility
Responsibility

MGT F/S Auditor

Disclose Evidence of no
material
misstatement
Indication of
Indication of Related
Related Parties
Parties
Audit Procedures
Audit Procedures
Litigation and Claims
Provisions &
Provisions & Contingencies:
Contingencies: Responsibility
Responsibility

MGT F/S Auditor

Account and Evidence of

disclose no material
misstatement
Audit Procedures
Audit Procedures
Segment
Information
Segment Information:
Segment Information: Responsibility
Responsibility

MGT F/S Auditor

Disclose Evidence of no
material
misstatement
Audit Procedures
Audit Procedures
Going Concern
 Going Concern:
Going Concern: Responsibility
Responsibility

MGT F/S Auditor

Assess Evidence of
appropriateness no material
misstatement
Separate
GC EOM
DIY Drill Answers
DIY Drill Answers
DIY Drill Answers
 end of AT.2514 