Assertions
Transactions and events have been recorded in the correct accounting period.
What is Cut-off
Common sources of explanation on the flux in payroll expense accounts
What is BOD Minutes/Client Inquiry
Client record do we need to scan to get an overview of the legal services the client availed during the year
What is GL/ General Ledger
Primary supporting document we obtain on auditing Rent Expense
What is Lease Agreement
Amounts and other data relating to recorded transactions and events have been recorded appropriately, and related disclosures have been appropriately measured and described.
What is Accuracy
Primary supporting document we need to obtain in performing audit of Payroll expense
What is Payroll Report
Primary supporting document we need to obtain to get an idea whether litigations exist
What is Legal Invoice/ Invoice
Our recalculation of Rent expense is based on ________.
What is Lease term
All transactions and events that should have been recorded have been recorded, and all related disclosures that should have been included in the financial statements have been included.
What is Completeness
Analytical procedure that involves comparing our calculated expected payroll expense to the recorded amount on the Trial Balance.
What is Predictive Test/ Predictive Analytics
Section of client binder that contains Attorney Letter or Legal Memo
What is 2650/ 2650 Series
Primary RDP that we need to disclose to FS related to Rent Expense/lease?
What is Future minimum lease payment