Discussion

 Company Netflix,Inc

Resources 

 https://www.sec.gov/Archives/edgar/data/1065280/000106528018000069/q4nflx201710k.htm 

 

Access and briefly review PCAOB Auditing Standards 2500 Audit Procedures for Certain Accounts or Disclosures, 2600 Special Topics, 2700 Auditor's Responsibilities Regarding Supplemental and Other Information, and 2800 Concluding Audit Procedures to build your foundation knowledge of the activities related to audit procedures, consideration of the internal audit function, and management representations. Topics include balance sheet and income statement accounts, inventory, legal issues for the client, and the entity’s use of service organizations as they relate to the audit process.

https://pcaobus.org/Standards/Auditing/Pages/ReorgStandards.aspx

 

Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures

http://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00540.pdf

 

Audit Evidence—Specific Considerations for Selected Items

http://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00501.pdf

 

Audit Considerations Relating to an Entity Using a Service Organization

http://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00402.pdf

 

Required Supplementary Information (RSI)

http://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00730.pdf

SEC 10K - Specific Issues for your Company

As our course topics are now focuses on specific audit issues, provide comments about your SEC 10-K company as they relate the topics of our most recent weeks, particularly the audit process and operation cycles including
 

Audit of the Acquisition and Payment Cycle: Tests of Controls and Substantive Tests of Transactions, and Accounts Payable
Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts 
Audit of the Payroll and Personnel Cycle
Audit of the Inventory and Warehousing Cycle 
Audit of the Capital Acquisition and Repayment Cycle 
Audit of Cash Balances