Learning Objective 10-01: Describe the finance and investment cycle, including typical source documents.

Learning Objective 10-02: Identify significant accounts and relevant assertions related to the finance and investment cycle.

Learning Objective 10-03: Discuss the risk of material misstatement in the finance and investment cycle, with a specific focus on improper valuation and disclosure.

Learning Objective 10-04: Identify important internal control activities present in a properly designed system to mitigate the risk of material misstatements for each relevant assertion in the finance and investment cycle.

Learning Objective 10-05: Give examples of tests of controls to test the operating effectiveness of internal controls in the finance and investment cycle.

Learning Objective 10-06: Give examples of substantive procedures in the finance and investment cycle and relate them to assertions about significant account balances at the end of the period.

Learning Objective 10-07: Apply your knowledge to perform audit procedures in the finance and investment cycle and evaluate the findings of your tests.