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AP7.3 (LO 2) Preparing data for ADA Emma Reed, an audit partner at Gung & Ho, CPAs, is auditing a company in the music industry

AP7.3 (LO 2) Preparing data for ADA Emma Reed, an audit partner at Gung & Ho, CPAs, is auditing a company in the music industry that owns multiple record labels and sells music in North America and Europe. Emma is currently performing ADA as a risk assessment procedure investigating sales. Emma has asked you, a junior auditor at Gung & Ho, to assist her with the second step of the five-step ADA process. The client maintains two separate sales transaction filesone for North America and one for Europe.

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Emma has specifically asked you to create one sales transaction file in a consistent format.

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