This lecture discusses audit programs. The audit program is that insane checklist of procedures that get performed by the audit team to gather evidence. There are basically three types of procedures that get listed on the audit programs: 1) Tests of controls, 2) Analytical procedures, and 3) Tests of details.
Each transaction cycle will have its own audit program with a mix of these types of procedures that will vary depending on the risk assessments established during the audit plan.
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- Introduction to Auditing
- Players in the Audit Industry
- Generally Accepted Auditing Standards (GAAS) - Overview
- Auditing Ethics and Rules of Professional Conduct
- Understanding the Independent Auditors' Report
- Auditor's Report with Reservations
- The Auditing Process
- Auditing: Management Assertions
- The Audit Evidence
- Audit Risk Models
- Auditing: Assessing Inherent Risk
- Auditing: The Concept of Materiality
- Auditing: Client Risk Profile
- How Auditors Document Their Work?
- Internal Controls in a Company
- COSO - Integrated Internal Control Framework
- Assessing Control Risk
- Testing Internal Controls
- Auditing Issues in Small Businesses
- Auditing Planning Approach
- Audit Programs
- Auditing the Sales Cycle
- Substantive Audit Procedures