Question: Provide an audit program for the financial reporting process cycle, only Audit procedues for TOC and assertion. FIGURE 8-4 FINANCIAL REPORTING PROCESS TPS, Daily Procedures

Provide an audit program for the financial reporting process cycle, only Audit procedues for TOC and assertion.

procedues for TOC and assertion. FIGURE 8-4 FINANCIAL REPORTING PROCESS TPS, Daily

FIGURE 8-4 FINANCIAL REPORTING PROCESS TPS, Daily Procedures GLS, Periodic (Hourly, Daily, Etc.) FRS, End of Period Obtain Account Balances for 5 Worksheet Journal Economic Voucher Event Capture Post Transaction 4 Post Worksheet General edger 11 Journals 2 Ledgers Journal Prepare Prepare Post- Transactions Trial Closing Trial Voucher Balance Balance 1 Prepare 3 Journal Voucher Trial 6 Post- Closing Balance TB Journal Voucher Analyze Account 7 Journal Balances, Post General Voucher Prepare Adjusting Entries and Ledger Adjusted Tria Balance 8 Journa Adjusted Voucher Trial Bal 9 Prepare Financial Financial Statements Statements 10 Prepare Journal Post Closing Stakeholders General Voucher Entries and Ledger Post to GL JV File Journal VoucherFinancial Reporting and Management Reporting Systems Audit Program Audit Procedures Assertion Date W/P | Auditor Ref. Initial

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