You are performing a financial audit of the general ledger accounts of Preston Manufacturing. As transactions are processed summary journal entries are added to the general ledger file at the end of the day. At the end of each day, the general journal file is processed against the general ledger control file to compute a new current balance for each account and to print a trial balance.

The following resources are available as you complete the audit:

Your firm’s generalized computer audit software

A copy of the general journal file for the entire year

A copy of the general ledger file as of fiscal year-end

(Current balance = year - end balance)

A printout of Preston’s year-end trial balance listing the account number, account name, and balance of each account on the general ledger control file

Create an audit program for Preston Manufacturing. For each audit step, list the audit objectives and the procedures you would use to accomplish the audit program step.