Cash flow audit procedures – are there any non-obvious?

This topic has 1 reply, 2 voices, and was last updated 9 months ago by tszhacherry.

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August 13, 2021 at 2:41 pm #631458
mykolah
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Hi there!
Haven’t found anything re Cash flow audit procedures on the Internet. Kaplan doesn’t provide a guide as well. There is nothing special coming into my mind besides:

1. Check classification (oper/fin/invest) for correctness
2. Compare BS vs P&L vs CF.
3. Recalculate/trace sampled/complex transactions in CF.

Thanks in advance

BR
Mykola
August 18, 2021 at 2:56 pm #631963
tszhacherry
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Hi Mykola,

Do you mean the cash flow forecast procedures?

I think cash flow is not the specific items, and no recent past papers in relation to cash flow audit Procedures.

in exam, I think past papers may require Candidate to perform procedures for cash flow forecast. You can refer mar 2020 Q3 Prospective financial information.

Regards,
Cherry
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