Identify special reporting issues related to derivative financial instruments that cause unique accounting problems.

Evaluating the accounting methods used and testing the valuation of securities is a primary audit objective of which assertion? *   A. Existence     B. Occurrence     C. Completeness     D. Valuation and allocation

Using the concept of justice, evaluate how an auditor would assess the equality of interests in the financial reporting process.

What are accounting errors and how they are reported. What are the disclosure requirements for correction of errors.  Please see FASB codification to discuss the disclosure requirements.