4. PERT NETWORK. All audits have a critical path, but auditors seldom recognizeit as such without the aid of network analysis. In the auditing of liabilities, the following activities and estimated times have been identified: 0-1 1- 2 2 - 6 6 -7 1- 3 Obtain schedule ofliabilities Mail confirmations Process confirmations Investigate debit balances Vouch selected liabilities 2 12 39 5 64 3-4 Test accruals and amortization 4 Test pension plan Reconcile interest expense to debt Verify debtrestriction compliance Review subsequent payments 4 8 1-4 4 - 5 5-7 5 7-8 10 REQUIRED: a. The PERT Network, identifying the critical path and including slack times.

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4. PERT NETWORK. All audits have a critical path, but auditors seldom recognizeit as such without the aid of
network analysis. In the auditing of liabilities, the following activities and estimated times have been identified:
0-1
Obtain schedule ofliabilities
2
1- 2
2 - 6
Mail confirmations
12
Process confirmations
Investigate debit balances
Vouch selected liabilities
Test accruals and amortization
Test pension plan
Reconcileinterest expense to debt
Verify debt restriction compliance
Review subsequent payments
39
6-7
5
1-3
64
4
1-4
4
4 -5
5-7
5
7-8
10
REQUIRED:
a. The PERT Network, identifying the critical path and including slack times.
Transcribed Image Text:4. PERT NETWORK. All audits have a critical path, but auditors seldom recognizeit as such without the aid of network analysis. In the auditing of liabilities, the following activities and estimated times have been identified: 0-1 Obtain schedule ofliabilities 2 1- 2 2 - 6 Mail confirmations 12 Process confirmations Investigate debit balances Vouch selected liabilities Test accruals and amortization Test pension plan Reconcileinterest expense to debt Verify debt restriction compliance Review subsequent payments 39 6-7 5 1-3 64 4 1-4 4 4 -5 5-7 5 7-8 10 REQUIRED: a. The PERT Network, identifying the critical path and including slack times.
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