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program, you have been provided with tests of control in revenue and
inventory.
You must identify the relevant PCAOB audit standards and address
their relevance to the Newham audit program. Include other elements
as applicable to
Newham.
Report of Recommendations: Based on an auditor’s experiences and
knowledge of accounting, finance, and common errors or pitfalls, it is
common for
an auditor to provide recommendations. The sample audit program
addressed here is merely a small sample, not a comprehensive
program. Thus,
recommendations for further risk analysis, sample methods, and other
concerns should be offered. In your report of recommendations to the
head of
the new audit team, include the following sections:
Explanation of findings in the risk analysis
Sarbanes–Oxley concerns or requirements
Recommendations on appropriate sampling methods
Recommendations for preparation and success in the external audit