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11 Cards in this Set
- Front
- Back
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TAP
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Transactions
Account Balances Presentation |
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R&O
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Rights and Obligations
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O
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Occurrence/Exsistence
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AA
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Authorization
Accuruacy |
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CCC
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Completeness
Cutoff Classification |
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Transactions
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Occurrence
Completeness Authorization Accuracy Cutoff Classification NO R&O |
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Account Balances
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Occurrence
R&O Completeness Accuracy NO Authorization, Cutoff, Classification |
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Presentation and Disclosure
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Occurrence
Completeness Accuracy Classification NO R&O, Authorization, Cutoff |
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Transactions
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O - Transactions that are recorded have occurred
NO R&O Completeness - All transactions that should be recorded are Authorization - All recorded transactions have been authorization Accuracy - Amounts are recorded appropriately Cutoff - Transactions are in the correct period Classification - Transactions are in the proper accounts |
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Account Balances
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O - AL&E interests exist
R&O - Owns title to A and L are obligations of the entity Completeness - AL&E interests are recorded Authorization - NO Accuracy - AL&E are in financials at correct amount NO Cutoff and Classification |
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Presentation and Disclosure
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Occurrence - Disclosed events have occurred
R&O NO Completeness - All disclosures are in financials Authorization NO Accuracy - Financials are disclosed fairly Cutoff NO Classification - Information is clear and financials are presented appropriately |
