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 o Sarbanes – Oxley concerns or requirements o Recommendations on appropriate sampling methods o Recommendations for preparation and success in the external audit