the following is the prepaid insurance schedule for Company Z and you were given the prepaid insurance schedule that is prepared workpaper by the company's controller.

use the following tick mark on the schedule to indicate audit procedures to be performed to the prepaid insurance company:

Legend of Auditor's Tick Marks
f	Footed
cf	Crossfooted
Tp	Traced to prior year audit files
wtb	Traced total to working trial balance
op	Traced total to operations audit schedule - OP6
*	Examined note for payee, made and due dates, interest rate, face amount,
	and value of security. No exceptions noted.
c	Received confirmation, including date interest paid to, interest rate, interest
	paid , note balance, and security. No exceptions noted.
r	Traced to cash receipts records
	Recomputed for the year

PREPAID INSURANCE 12/31/02 1231/02 12/31/01 PREPAID AT BEGIN OF YEAR PREMIUM CHARGE TO PREPAID EXPENSE DURING YR. POLICY NUMBER TERM TERM BEGINS EXPIRES COVERAGE TYPE PD DURING THE YEAR AT END OF YEAR INSURER KAYE INSURANCE AMOUNT 245,246.10 245,246.10 10/31/0210/31/03 LIABILITY 11/25/02 11/25/03 LIABILITY 292,950.00 48,825.00 244,125.00 70,350.00 5,862.50 64,487.50 NAUSCH, HOGAN 1/31/02 PROPERTY 50,300.00 50,300.00 96,229.3048,114.70 42,060.00 3/15/02 5/31/03 PROPERTY 144,344 42,060.00 91,133.25 91,133.25 3/15/02531/02 PROPERTY 3/15/02 531/02 PROPERTY 7/1/02 PROPERTY 7/1/02 PROPERTY 6/1/02 29,953.80 29,953.80 6/1/02 4,267.00 66,000.00 66,000.00 28,500.00 28,500.00 4,267.00 7/1/02 7/1/03 PROPERTY 132,000.00 7/1/02 71/02 12/31/02 PROPERTY 9/24/02 9/24/03 FLOOD 17/02 11/7103 FLOOD 1/15/021/15/03 AUTOMOBILE /15/01 1/15/02 AUTOMOBILE 7/1/03 PROPERTY 57,000.00 419,500.00 419,500.00 TRAVELERS INSURANCE 11,304.00 3,768.007,536.00 10,371.90 10,371.90 3,016.00 20.80 6,067.18 502.66 2,513.34 FIRST INSURANCE MARSHALL &STERLING 20.80 5,561.58 505.60 5,540.70 5,540.70 311,458.70 1,303,966.031,153,642.59 461,782.14 PREPAID INSURANCE 12/31/02 1231/02 12/31/01 PREPAID AT BEGIN OF YEAR PREMIUM CHARGE TO PREPAID EXPENSE DURING YR. POLICY NUMBER TERM TERM BEGINS EXPIRES COVERAGE TYPE PD DURING THE YEAR AT END OF YEAR INSURER KAYE INSURANCE AMOUNT 245,246.10 245,246.10 10/31/0210/31/03 LIABILITY 11/25/02 11/25/03 LIABILITY 292,950.00 48,825.00 244,125.00 70,350.00 5,862.50 64,487.50 NAUSCH, HOGAN 1/31/02 PROPERTY 50,300.00 50,300.00 96,229.3048,114.70 42,060.00 3/15/02 5/31/03 PROPERTY 144,344 42,060.00 91,133.25 91,133.25 3/15/02531/02 PROPERTY 3/15/02 531/02 PROPERTY 7/1/02 PROPERTY 7/1/02 PROPERTY 6/1/02 29,953.80 29,953.80 6/1/02 4,267.00 66,000.00 66,000.00 28,500.00 28,500.00 4,267.00 7/1/02 7/1/03 PROPERTY 132,000.00 7/1/02 71/02 12/31/02 PROPERTY 9/24/02 9/24/03 FLOOD 17/02 11/7103 FLOOD 1/15/021/15/03 AUTOMOBILE /15/01 1/15/02 AUTOMOBILE 7/1/03 PROPERTY 57,000.00 419,500.00 419,500.00 TRAVELERS INSURANCE 11,304.00 3,768.007,536.00 10,371.90 10,371.90 3,016.00 20.80 6,067.18 502.66 2,513.34 FIRST INSURANCE MARSHALL &STERLING 20.80 5,561.58 505.60 5,540.70 5,540.70 311,458.70 1,303,966.031,153,642.59 461,782.14