• PAR (Preliminary Analytical Review).A copy of the trial balance that is electronically available.Complete it using a structure similar to prior year audit available on page 3-24 in the case.Developing analytical financial ratios can always help.
• A brief memo.Develop a memo similar to the memo on page 3-23.Note the obvious observations based on the analytical review performed.
• A control matrix. Create a matrix similar to the matrix on page 373 of the textbook.Focus on the acquisition and disbursements cycle.Match the controls discussed in the case to the related audit objectives.