Essay and Flow Chart - Professional Essay Writing Service

Essay and Flow Chart

Paper instructions:
Outline substantive procedures by using the Apollo Shoes Casebook for detecting irregularities in each of the following audit cycles:

Fixed assets

Use a checklist or flowchart to outline your process.

They purchased quite a bit of computer equipment in the last couple of years. When you audit PP&E, let “the Crumpler” do most of the legwork (vouching invoices, examining cancelled checks, examining titles, etc.) for you. Given all of the recent additions, make sure that the depreciation amounts are correct

Apollo Shoes, Inc.                           F-1
Fixed Asset Detail Listing                       Prepared by
12/31/2011                       Reviewed by
PBC                   Depreciation Expense
Fixed Asset Tag   Acquisition Date   Description   Cost   Estimated Useful Life   2008   2009   2010   2011   Accumulated Depreciation
A32767   7/3/2008   Landrover   $45,000.00    5   5000   $9,000.00    $9,000.00    $9,000.00    $32,000.00
A32766   9/1/2009   Jaguar   $102,000.00    5       $6,800.00    $20,400.00    $20,400.00    $47,600.00
A32768   9/1/2009   Landrover   $51,000.00    5       $3,400.00    $10,200.00    $10,200.00    $23,800.00
A32769   9/1/2009   Landrover   $51,000.00    5       $3,400.00    $10,200.00    $10,200.00    $23,800.00
A32764   9/1/2009   Landrover   $51,000.00    5       $3,400.00    $10,200.00    $10,200.00    $23,800.00
2/1/2010   Land   $117,000.00                        $0.00
2/1/2010   Building   $623,905.92    15           $38,127.58    $41,593.73    $79,721.31
Miscellaneous   2/1/2010   Office furniture   $38,178.54    6           $5,832.81    $6,363.09    $12,195.90
PC0001   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0002   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0003   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0004   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0005   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0006   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0007   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0008   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0009   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0010   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0011   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0012   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0013   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0014   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0015   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0016   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0017   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
PC0018   2/1/2010   Smart Chip 5 Ghz PC   $5,279.93    3           $1,613.31    $1,759.98    $3,373.29
4/14/2011   Repair/Repaint original building   $50,408.00    30               $1,260.20    $1,260.20
E00001   7/6/2011   New computing system   $1,200,519.90    5               $120,051.99    $120,051.99
M0001   1/5/2011   Machinery   $1,295,359.98    5               $185,051.43    $185,051.43
$3,720,411.05        $5,000.00    $26,000.00    $133,000.00    $446,000.00    $610,000.01