Overview: Careful planning is a critical part of the success of every audit. However, planning is not simply done at the beginning of the audit but is a continuous and iterative process in which the results of one stage of the audit often necessitate revisions to plans for the next stage.

Prompt: what is an audit program (plan) that could be used to evaluate RNS's internal controls for cash?

Specifically, the following critical elements must be addressed:

I. What is an audit program for internal control of cash? The following components must be included:

A. Control environment

B. Risk assessment

C. Control activities

D. Information and communication

E. Monitoring