Describe a complete audit program, Auditing

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Develop a list of tasks the auditor should perform in planning this audit engagement, before any audit testing begins.

Handbook section CAS 315 lists management assertions embodied in financial statements. List and briefly describe the audit objectives that relate to these assertions.

Required: Describe a complete audit program for collecting relevant evidence for the audit of the estimated warranty liability.

Approach: Develop specific assertions related to warranty liability based on the five principles.


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