Audit Program Design

Audit Program Design Part III Erin Worthen University of Phoenix ACC/546 March 28, 2011 in the lead the two fliers, inventory and warehousing and cash circles can be canvassed, the hearer in charge of the Apollo Shoes account essential first prepare the overall visit plan and examine program for Apollo Shoes, Inc. the audit plan and program significantly affects the types and tip of further audit procedures to be used by the attender in determining whether the financial statements are fairly state in accordance with the US generally accept accounting principles. These further audit procedures include test of controls, substantive tests of minutes and analytical procedures with the evidence collected from these procedures forming part of the auditors sufficient and appropriate evidence to support his audit flavor and report in accordance with the US generally accepted auditing standards. In designing the test of controls and substantive tests of transactions for the apiece of the two cycles, Apollo Shoes, Inc.s internal control over these accounts essential first be understood by the auditor, then the auditor assesses the planned control risk for that account.

Below illustrates the general procedures and methodological analysis in designing tests of controls and substantive tests of transactions for any account being audited: 1. Understand the internal control over that cycle or account 2. Assess the planned control risk for that cycle 3. set the extent of testing controls which is based on the planned doctrine on the controls over financial reporting for that account of the audit client 4. Design tests of controls and substantive tests of transactions for the account to meet transactions-related audit objectives. The design of tests of controls and substantive tests of transactions involve determining the limited audit procedures to be performed, the sample size, items to be selected and included in the sample, and timing of the tests.... If you want to get a full essay, baffle it on our website: Orderessay

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