Choose TWO (2) peculiar transactions of a bank and establish an audit program. An audit program, also called an audit plan, is a set of directions that the auditor and its team members need to follow for the proper audit execution. After preparing an audit plan, the auditor allocates the work and prepares a program that contains the audit team's steps to follow while conducting an audit. Thus, an auditor prepares a program that includes detailed information about various steps and audit procedures to be followed by the audit.
The audit program must contain the following:

Transaction. It is the chosen bank transaction.
Audit Objectives. It contains the specific audit objectives that must be obtained upon auditing the said account. It also contains the financial statement assertions that the audit objectives will address.
Audit Procedures. It contains the specific procedures that must be conducted to attain the audit
objectives. It is divided into two (2) sections:
1. Test of controls. It contains specific steps in testing the effectiveness and efficiency of the controls established for the peculiar transaction.
2. Substantive procedures. It contains specific steps that would enable the auditor to attain conclusive evidence supporting the steps in the test of controls.