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.
âA lease audit is the meticulous validating of all leasehold expenses issued by a landlordâ to the tenant. See Edward Harris and Craig Fuller, 7 Red Flags That Should Trigger a Lease Audit, Arizona Attorney at 22-26 (December 2012).ome leases may also include details related to where the audit shall take place, who pays for the cost of the audit, and who is permitted to conduct the audit. Two important details to determine are the window of time to conduct a lease audit and the scope of the audit right.