what factors should be considered when planning the audit of cash and marketable securities?
450350
The liquid nature of marketable securities makes the potential for irregularities high. Auditors must coordinate their cash and marketable securities audit procedures to detect any possible irregularities involving unauthorized substation between the accounts.
175691
['Income statement. The income statement is the most important component in your financial reporting. ... ', 'Balance sheet. ... ', 'Cash flows. ... ', 'Changes in equity. ... ', 'Conclusion.']
996860
01, the auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by fraud or error. ... Furthermore, audit procedures that are effective for detecting an error may be ineffective for detecting fraud.
797594
['Compliance. Obviously this is one of the main reasons to conduct an audit: to meet the statutory requirements and regulations in your industry. ... ', 'Business Improvements / System Improvements. ... ', 'Credibility. ... ', 'Detect and Prevent Fraud. ... ', 'Better Planning and Budgeting.']
604540
['Add the cost of goods sold, research and development, and sales, general and administrative expenses -- “SG&A” for short -- to calculate the total cash expenditures of the company for the year. ... ', "Subtract the company's total cash expenditures from its sales for the year to find the company's EBITDA."]
45723
['With total assets of between P3 million and P350 million or total liabilities of between P3 million and P250 million;', 'That is not required to file financial statements under SRC Rule 68.1;']
1401834
['Leadership Team. ... ', 'Our Impact. ... ', "View our company's equity method investments."]
1027789
['Indicate the exact date, time and location of the audit at the beginning of the report. ... ', 'Explain what steps the auditors used throughout the process. ... ', 'Provide all evidence and data recorded during the audit process.']
1320877
['Actionable: they display cause and affect.', 'Accessible: can be understood by everyone.', 'Auditable: we must ensure that the data is credible.']
536693
['Appoint the lead auditor. The first basic step is to figure out who will lead the audit team. ... ', 'Define audit objectives, scope, and criteria. This is an important step. ... ', 'Determine the feasibility of the audit. ... ', 'Select the audit team. ... ', 'Establish initial contact with the auditee(s).']
149295
Conventional wisdom holds that a business should have liquid assets (cash in bank accounts and very liquid investments) equal to three to six months of operating expenses. That's a nice rule of thumb, but I like to separate cash into a monthly operating account and a contingency fund.
1087890
The objective of an external audit of financial statements is to determine whether, in the auditor's opinion, the statements present fairly in all material respects - that is, they show a true and fair view in all material respects of the company's financial position, results of operations, and cash flows, in ...
1250561
12-4 The five key factors that impact a firm's external financing requirements are: Sales growth, capital intensity, spontaneous liabilities-to-sales ratio, profit margin, and payout ratio.
183962
['Goals & Objectives: Goals and objectives should be listed by priority and should be as specific as possible. ... ', 'Income Tax Planning: ... ', 'Balance Sheet: ... ', 'Issues & Problems: ... ', 'Risk Management and Insurance: ... ', 'Retirement, Education, and Special Needs: ... ', 'Cash Flow Statement: ... ', 'Investment Planning:']
240619
['Step 1: Define Audit Objectives. ... ', 'Step 2: Audit Announcement. ... ', 'Step 3: Audit Entrance Meeting. ... ', 'Step 4: Fieldwork. ... ', 'Risk Issue Levels: During the course of audit work performed, identified risks are rated as High, Moderate or Low. ... ', 'Step 5: Reviewing and Communicating Results. ... ', 'Step 6: Audit Exit Meeting. ... ', 'Step 7: Audit Report.']
309621
['The four major categories of securities are Cash, Bonds, Stocks and Mutual funds.', 'The four major categories of securities are:', 'Cash, Bonds, Stocks and Mutual funds:', 'They are evaluated by following steps:', '1) Cash: Cash is your regular money.']
1432969
['Cash flow analysis. One of the most critical aspects of financial planning is understanding your cash flow and the connection between your current assets and debts. ... ', 'Risk management. ... ', 'Superannuation planning. ... ', 'Retirement planning. ... ', 'Investment management. ... ', 'Taxation planning.']