Key Points Chapter 13

1

• Key Points Chapter 13 Other Assets and LT
  Financing
• Understand the risks associated with PPE (p.
  575-)
• Understand the procedures for auditing PPE (Exh
  13.2, p. 576-)
• Understand the unique audit concerns relating to
  natural resources and RD costs (p. 582-)
• Understand the unique concerns relating to
  mergers acquisitions and correct goodwill
  accounting (p. 583-)
• Understand the basic approaches to auditing bonds
  and owners equity (p. 588- Exh. 13.4)