Consider and discuss the specific risks and nature of the company
you will be auditing and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles.
-Audit steps for tests of controls, balances, transactions, analytical procedures, etc. as well as other considerations such as sample size and sample methodology.
-A brief summary page should be included in this document, for each of the work programs. Include in this summary specific financial information gleaned from the current Form 10-K used to perform an analysis of work program steps. For example, if the team noted significant swings in the Inventory balance year-over-year, identify these swings and how you address them in your work program (this is in essence an audit procedure - analytical review). I am working on transaction and analytical procedure and the company is Apple.
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