This auditing practice set incorporates both the cycles and the risk approach using the audit risk model. Students will learn to design and prepare the current years working papers and assemble the completed case. Taking about 30 hours to complete, this practice set can be used with any auditing textbook.
1) Audit Planning and Integration of the Accounting Process 2) Accounts Receivable and Credit Sales 3) Cash 4) Inventory and Purchases 5) Prepaid Expenses 6) Investments in Securities 7) Property, Plant, and Equipment 8) Accounts Payable Processing and Unrecorded Liabilities 9) Payroll Processing and Accrued Liabilities 10) Notes Payable and Accrued Interest 11) Capital Stock and Retained Earnings 12) Completing the Audit