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
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,