1 Describe the internal controls that should be in existence for prepaid insurance.
2 Discuss the Financial statement Assertions that should be considered for prepaid insurance.
3 Develop an audit program for prepaid insurance
4 Identify internal controls items that should be considered when auditing prepaid insurance
5 Discuss the accounting principles to apply when auditing prepaid insurance.
PROPERTY, PLANT AND EQUIPMENT
1 Develop audit procedures for Property, plant, and equipment
2 Discuss the Financial statement assertion applicable to property and equipment
3 Develop internal controls to use for property, plant, and equipment
4 What considerations should be addressed when auditing, property, plant, and equipment.
5 Describe the accounting principles that should be considered for property plant and equipment.
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