Auditoria

AP-8:    ⇒Audit Program for Investments

Company            Balance Sheet Date       
|  |
|          The company has the following general ledger accounts that are classified in the investments captions of the balance sheet: |
| |General |  |Description or |
| |Ledger | |Brief Purpose |
| |Number| |of the Account |
|  |FINANCIAL STATEMENT ASSERTIONS |  |  |
| |E/O     Existence or occurrence.               V/A          Valuation or allocation. | | |
| |C         Completeness.                              P/D          Presentation and disclosure. | | |
| |R/O     Rights and obligations. | | |
|  |AUDIT OBJECTIVES |  | |
| |     A.     The balances reflect a complete listing of investments, and the company’s ownership | | |
| |of such assets is evidenced by securities or other appropriate legal documents either physically | | |
| |on hand or held in safekeeping by others (assertions E/O, C,and R/O). | | |
|  |     B.     Asset values, investment income or loss, valuation allowances, gains or losses on |  |  |
| |sales of investments, and changes in fair value are recorded and presented in accordance with | | |
||GAAP (assertion V/A). | | |
|  |     C.     Investments are properly described and classified in the balance sheet, and |  |  |
| |disclosures have been made for any restrictions, pledges, or liens against the assets. The| | |
| |disclosures required by GAAP have been made (assertion P/D). | | |
|  |     D.     Derivatives are properly identified and measured as assets or liabilities, and |  |  |
| |changes in fair value are recordedand presented in accordance with GAAP. The disclosures | | |
| |required by GAAP have been made (assertions E/O, C, R/O, V/A, and P/D). | | |
|  |IDENTIFICATION CODES |  | |
| |The letters preceding each of the above audit objectives, i.e., A, B, etc., serve as | | |
| |identification codes. These codes are presented in the left column labeled “Audit Objectives” | | |
| |when a procedure accomplishes an objective. If the alpha code...