John Wayne International Airport is the sole commercial airport in Orange County. General aviation operations outnumber commercial operations and several facilities at the airport serve the general aviation and corporate aviation community. The other general aviation airport in the county is Fullerton Municipal Airport.
Inventory, general expenses, and payroll. â Cash, accounts receivable, and sales. These accounts are part of the acquisition cycle. When auditing the existence assertion for an asset, auditors proceed from the Supporting original transaction documents to the general ledger. General ledger back to the supporting original transaction documents. Financial statement amounts back to the potentially unrecorded items.
Trust and Asset Management ServicesâOverview. Objective. Assess the adequacy of the bankâs policies, procedures, processes, and systems to manage the risks associated with trust and asset management255Asset management accounts can be trust or agency accounts and are managed by the bank. services, and managementâs ability to implement effective due diligence, monitoring, and reporting systems. 1  Trust256The Office of the Comptroller of the Currency uses the broader term fiduciary capacity instead of trust..