Artifact Two: Sample Audit Program
Your second portfolio artifact will be the professional audit program based on PCAOB audit standards that you create for Newham, an influential client at
S. N. H. U, LLC. Make sure to incorporate the feedback you receive from your instructor while developing this audit program. The following sections should be
included:
Business Risk Analysis: Identifying risk in an organization and the environment in which it operates is the first step in approaching a potential audit and
designing an effective audit program. To analyze business risk, you must:
Gain an understanding of Newham Investigate the industry in which Newham operates
Analyze and assess the risk, including fraud, involved in the company and industry
Identify the relevant PCAOB audit standards and address their relevance to the Newham audit risk assessment