Prepaid Insurance

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.

Next Problem:


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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