Strayer University Controls and Substantive Procedures Discussion

Inherent Risk, Tests of Controls, and Substantive Procedures

1. Calculate the required ratios for all given years.
2. Identify and explain high inherent risk assertions.
3. Analyze and draw conclusions about the nature and extent of tests of controls.
4. Analyze and draw conclusions about the nature, timing, and extent of substantive procedures.

Audit Procedures for Property, Plant, and Equipment

1. Explain the audit procedures for acquisition and disposal of property, plant, and equipment related to the occurrence, accuracy, and completion assertions.
2. Using examples, explain and demonstrate how auditing the disposal of property, plant, and equipment provides evidence of depreciation expense.
3. Form conclusions about a selected sample of acquisitions of property, plant, and equipment.

Assingment will be checked for plagiarism!