Account receivable Customer bankruptcy – Review correspondence provided by trustee to make sure that customer in fact did file for it and determine the realizable value of the AR Examine sales invoices and shipment documents relating to that customer during the year...
Archived Articles
CFE Technical focus: PP&E Procedures
Here are some examples for property, plant and equipment: Valuation: When fair value (FV) is used - obtain reliable documentation and determine if the FV developed by management is appropriate. Consider use of specialist if unable to determine FV. Examine the residual...
CFE Technical focus: Inventory Procedures
Here is an example of Inventory: Key risk: Existence, Completeness, Valuation Existence: To ensure this assertion risk is addressed on the CFE-Select a sample from inventory listing(sheet) to floor Completeness: To ensure this assertion risk is addressed on the CFE-...
CFE Technical focus – Audit and Assurance- Procedures
Many of you have been asking me to blog about technical topics and how to integrate them with the CFE exam process. The next few blogs will be about technical integration with the CFE. When discussing assurance procedures, ensure that you provide the assertion, the...