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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
Sample Audit Program: An audit program involves compiling a list
(program) of procedures for the auditors to perform in order to
obtain evidence and
reasonable assurance that internal controls are operating properly
and thus producing accurate financial statements. To compile a
sample audit