Audit plan, Cost Accounting

1. You are required to download the latest annual report published by one of the following institutions:

- Adult Multicultural Education Services

- Centre for Adult Education

2. Using the steps set out in Arens et al. (2010), plan the audit for the entity you have chosen. You must be as specific as possible when developing your audit plan.

3. You have accepted the appointment as auditor and communicated your decision through an engagement letter. The engagement letter includes, among other things, the scope of the audit. The audit fee is $65,000. You are now preparing the audit plan for the audit partner's approval.

Required

Using the steps set out in Arens et al. (2010) develop the audit plan the audit for entity. Your audit plan must include the followings:

1. Executive summary

2. Introduction

3. Audit plan with the following headings:

- Understand the client's business and industry

- Assess client business risk

- Perform preliminary analytical procedures

- Set materiality and assess acceptable audit risk and inherent risk

- Understand internal control and assess control risk

- Gather information to assess fraud risk

- Develop overall audit plan and audit program

4. Conclusion
5. Appendix
6. References

Posted Date: 3/9/2013 12:55:05 AM | Location : United States







Related Discussions:- Audit plan, Assignment Help, Ask Question on Audit plan, Get Answer, Expert's Help, Audit plan Discussions

Write discussion on Audit plan
Your posts are moderated
Related Questions
Distinguish between,     (i)  short-run variable costs & long-run variable costs, and give an example of each one;   (ii)  the marginal cost &  the average cost of production

Consider as Illustration. Profit and loss account of TIL demonstrates, that, operations have given gross addition of Rs. 360 million to funds throughout the period. These funds sho

Example of Batch Costing The budgeted variable overheads of a company for the year of 2001 are as given as: Department                Overhead (shs.)

Question Hornsby Manufacturing has four categories of overheads. The four categories and the expected overhead costs for each category for next year are as follows:

looking for a dissertation of cost allocation

Q. Show the Profit volume charts? A variation of a break-even chart, representing graphically the relationship between profit &losses at different levels of sales volume achiev

Samuel Construction Company engaged in a contract to construct a building on 1 July 2011 with completion of the contract by the 30 June 2014.  The contract price amounted to a tota

In this exercise you will familiarize yourself with index models, beta and CAPM estimation. Download the spreadsheet data_question3.xlsx from Sakai and use the data contained there

Is there a way to figure out labor cost and factory inventory when no direct information regarding them is available.

Three oligopolists, A, B and C, produce an identical product, Q. Q is produced under conditions of constant costs, that is, AC = MC = $100. The market demand schedule for Q is: