Audit

Review the auditing case study by clicking (attachment 1) and then write a 3- to 5-page essay answering the three questions below – based on the following information:

  • Assume that you have been assigned to the audit of Keystone after audit planning has occurred. Review the planning information, (see attachment 2)
  • Review the audit program for the accounts receivable and revenue, (see attachment 3)
  • The manager on the engagement has given you the task of reviewing the monthly revenue report, (attachement 4)

Questions:

  • Based on your review of the report, describe any unusual relationships that might indicate a risk of misstatement of revenues based on your knowledge of the company derived from a review of the information, (see attachment 5)
  • Identify any procedures on the audit program tor receivables and revenue that might address the risk(s) identified in A above
  • Design two other procedures that would address the risk(s) identified in Aabove.

 Essay must be well written and in APA format.