AutoSave . Off H final exam study guide O Search Christopher Ritch CR X File Home Insert Design Layout References Mailings Review View Help Share Comments & Cut Calibri (Body) 11 ~ A" A Aa Ap EVENT Find AaBbCcDd AaBbCcDd AaBbC( AaBbCct Ad B AaBbCCD AaBbCcDd Paste [ Copy Gc Replace BIUvab X X A LA 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em.. Dictate Sensitivity Editor Format Painter Select Clipboard Font Paragraph Styles Editing Voice Sensitivity Editor Ch8 learning objectives Describe the acquisition and expenditure cycle, including typical source documents. Identify significant accounts and relevant assertions related to the acquisition and expenditure cycle. Discuss the risk of material misstatement in the acquisition and expenditure cycle. Identify important internal control activities present in a properly designed system to mitigate the risk of material misstatements for each relevant assertion in the acquisition and expenditure cycle. Give examples of tests of controls to test the operating effectiveness of internal controls in the acquisition and expenditure cycle. Give examples of substantive procedures in the acquisition and expenditure cycle and relate them to assertions about significant account balances at the end of the period. Apply your knowledge to perform audit procedures in the acquisition and expenditure cycle and evaluate the findings of your tests. Describe the payroll cycle including risks, source documents, and controls (Appendix 8C). Page 6 of 8 2269 words X English (United States) " Focus - + 180% w P 6:01 PM Search for anything N R X R ENG INTL 11/21/2020 727