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.
The conditions or events that led the auditor to believe that thereis substantial doubt about the entity's ability to continue as agoing concern for a reasonable period of time. 5 Paragraphs .09â.10 of section 560, Subsequent Events and Subsequently Discovered Facts. 6 Paragraph .13 of section 560.