You are preparing for auditing one of your retail clients. During preliminary discussions with management, they disclosed that the company has a lot of customers who pay with cash.

Prepare a report discussing specific analytical procedures and substantive procedures that are required to ensure the revenue and cash audit will properly support your firms opinion that revenue and cash accounting meet all the client's assertions.

Be sure to include common errors that are often noted during cash and revenue audits and how these can be avoided by your team.

Requirements:

Write a paper of 3-5 pages in length (not counting the title and reference pages that you must include). Use terms, evidence, and concepts for class reading, including professional business language. Cite at least 3 credible, academic or professional sources for this assignment (outside the text book)