The following audit procedures should be performed only when there is a special eason for doing so s Insurance Policies in the Prepaid Insurance Schedule Exist and Existing Policies Are Listed (Existence and completeness) s The Client has Rights to All Insurance Policies in the prepaid Insurance schedule rights) Prepaid Amounts on the Schedule Are accurate and the Total Is Correctly Added and agrees With the General Ledger (Accuracy and Detail Tie-in) Arens, Loebbecke; Auditing, &/E @2000Prentice HalL,Inc ContinuedArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. The following audit procedures should be performed only when there is a special reason for doing so.  Insurance Policies in the Prepaid Insurance Schedule Exist and Existing Policies Are Listed (Existence and completeness)  The Client Has Rights to All Insurance Policies in the Prepaid Insurance Schedule (Rights)  Prepaid Amounts on the Schedule Are Accurate and the Total Is Correctly Added and Agrees With the General Ledger (Accuracy and Detail Tie-in) Continued