cash pleased
Audit Program Project 20 points The purpose of this project is to link the assertions by management (PERCV) and the audit procedures performed by auditors. 1. Choose either one account from the list below to write an audit program. Get your choice approved, since only one person will be able to do each type of account (except the ones listed as available for 2 if more than 23 students. Prepare a brief audit program using the format below. Choices: (1) Cash (if needed, 2 can do) (2) Financial instruments and investments (3) A/R (4) Notes receivable (5) Interest receivable (6) Inventory (if needed, 2 can do) (7) PPE (if needed, 2 can do) (8) A/P (9) Sales tax payable (10) Amounts withheld from employees pay (11) Unclaimed wages (12) Customer deposits (13) Interest payable (14) Accrued property taxes (15) Accrued payroll (16) Accrued payroll taxes (17) Income tax payable (18) Notes payable (19) Pension plan accruals (20) Accrued PTO (21) Product warranty liabilities (22) Accrued commissions and bonuses (23) Bonds payable will be able to do each type of account (except the ones listed as available for 2 if more than 23 students. Prepare a brief audit program using the format below. Choices: (1) Cash (if needed, 2 can do) (2) Financial instruments and investments (3) A/R (4) Notes receivable (5) Interest receivable (6) Inventory (if needed, 2 can do) (7) PPE (if needed, 2 can do) (8) A/P (9) Sales tax payable (10) Amounts withheld from employees pay (11) Unclaimed wages (12) Customer deposits (13) Interest payable (14) Accrued property taxes (15) Accrued payroll (16) Accrued payroll taxes (17) Income tax payable (18) Notes payable (19) Pension plan accruals (20) Accrued PTO (21) Product warranty liabilities (22) Accrued commissions and bonuses (23) Bonds payable Name: Account: Management Assertions Audit procedure (1) Audit procedure (2) Audit procedure (3) Presentation and disclosure (P) Existence and occurrence (E) Rights & Obligations R) Completeness (C) Valuation, allocation and accuracy (V) Analytical procedures (like a relevant ratio)