Analytical relationship of balances to anticipated sales volume
Prepaid assets and deferred charges
Invoices, contracts, agreements, and other documents supporting additions to balances
Analyses of general ledger account activity
Documents supporting additions to balances
Documents supporting additions to balances
Terms of insurance policies, tax bills, and so on (current vs. noncurrent)
Review of controls over accounts payable and cash disbursements
Recalculation of amortization
Review of subsequent transactions
Recomputation of ending account balances
Analytical relationship of balances to estimated future utilization of assets
Discussion of realizability of deferred charges with appropriate personnel
Industry experience and trends
Fixed assets
Physical observations
Plant tour
Documents supporting confirmations
Documents supporting acquisitions
Minutes, representations, and other information regarding management’s intention to abandon or dispose of fixed assets
Documents supporting acquisitions, including authorizations in minutes, construction contracts, purchase orders, invoices, work orders, and so on
Analyses of general ledger activity
Lease agreements
Lease agreement terms
Confirmation of fixed assets pledged under loan agreements, and so on
Confirmation of equipment maintained at outside locations
Reconciliation of account activity to subsidiary property records
Analytical relationship of fixed asset dispositions to replacements
Confirmation of construction contracts payable
Vouching of repair and maintenance expense accounts
Review of controls over accounts payable and cash disbursements
Review of controls over construction work in progress
Appraisal reports, replacement cost quotations, and so on
Recalculation of depreciation and amortization
Analytical relationship of current year’s depreciation and amortization to fixed asset costs
Industry experience and trends
Terms of lease agreements
Intangible assets
Documents supporting acquisitions, Including authorizations in minutes, purchase agreements, contracts, and so on
Review of controls over accounts payable and cash disbursements
Documents supporting acquisitions
Documents supporting acquisitions
Terms of contracts and purchase agreement
Appraisal reports
Minutes of board or committee meetings
Recalculation of amortization
Representations and other information regarding use and realizability of assets
Industry experience and trends
Verification of foreign currency exchange rates
Accounts payable
Confirmation of selected accounts
Circularization of vendors
Confirmation of selected balances
Foreign currency exchange rates from newspapers, and so on
Confirmation of terms with creditors
Supporting documents, including purchase orders, invoices, receiving reports, check requests, and so on
Tests of year-end purchasing and receiving cutoff procedures
