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
Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the

The Butchering Department of the Santa Fe Meat Packing Corporation (a process costing corporation, FIFO costing) had 1,500 units, 1/3 completed at the beginning of the period and 1

You sell a machine for $600,000. You allow the client to pay 1/3 at the time of the sale and 1/3 at the end of year one and 1/3 at the end of year two. The company earns 10% on ass

Assume your grandparents have just given you $20,000 on the condition that you invest the money in the stock market. As you contemplate making your investment choices, what accoun

A  firm of printers  is contemplating  joining  the uniform  costing  system operated by  its Trade Association but the Managing Director is dubious about the benefits of becoming

Marple Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Houston and one in Dallas

Stine Company uses a job order cost system. On May 1 st , the company has a balance in Work in Process Inventory of 3,500 and two jobs in process: Job No. 429 $2,000, and Job No. 4


what are the concept and objectives of cost accounting?

Total profit means the total revenue excluding the total cost of the certain products. Average profit defines the profit which comes and achieved after selling each unit. Total