Question: Using the case study Jim's Auto Body, create an audit program to audit revenue. You will use all of the relevant management assertions as the

Using the case study Jim's Auto Body, create an audit program to audit revenue. You will use all of the relevant management assertions as the audit objectives, and you should include the following:

  • Management assertions to be addressed (audit objectives)
  • Internal control
  • Test of controls
  • Substantive test of transactions

Part 1

After the audit program has been drafted, identify the type of report that will be produced as a result of the audit of revenue, and develop the audit report.

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