Choose 2 accounts on your financial statements to write up an audit program, i.e. the substantive procedures, to collect the evidence to audit your accounts. You should clearly identify each step that you will take during the audit of the particular account.

However, if your company does not have these accounts on their balance sheet you will need to either do additional research regarding auditing 2 accounts or choose another company that has the textbook examples.

Your work papers should include a “lead sheet” for each account that you’ve chosen. A lead sheet is a work paper that includes the current year and prior year balances, including any analytical procedures.

Answer rating: 100% (QA)

Audit Program for Inventories Company Name General Motors Balance Sheet Date December 312014 Audit Objectives Financial Statement Assertions Inventory reflected in the balance sheet exists physically ... View the full answer