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

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Cash flow audit procedures – are there any non-obvious?

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  • August 13, 2021 at 2:41 pm #631458
    mykolah
    Member
    • Topics: 2
    • Replies: 11
    • ☆

    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
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    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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