Audit Reports

profileQunsl82020

 Please read full question before placing bid.

900-1000 wds

Using the case study Jim’s Auto Body, prepare an audit program to audit revenue. You will use all of the relevant management assertions as the audit objectives, and you should include the following:

  • Management assertions to be addressed (audit objectives)
  • Internal control
  • Test of controls
  • Substantive test of transactions

Part 1

After the audit program has been drafted, identify the type of report that will be produced as a result of the audit of revenue, and develop the audit report.

Part 2

The American Institute of Certified Public Accountants (AICPA) professional standards provide uniform wording and format for the audit report. The audit report should focus on the revenue cycle and Jim’s Auto Body. Write a 1-page audit report for Jim’s Auto Body that includes all seven parts of a standard audit report, as follows:

  • Report title
  • Audit report address
  • Introductory paragraphs
  • Scope paragraph
  • Opinion paragraph
  • Name of the Certified Public Accountant (CPA) firm
  • Audit report date
    • 4 years ago
    • 55
    Answer(2)

    Purchase the answer to view it

    blurred-text
    • attachment
      Audit.edited.docx
    • attachment
      audit.pdf

    Purchase the answer to view it

    blurred-text
    NOT RATED