Plan for the audit by setting the audit objectives

Plan for the audit by setting the audit objectives

Plan for the audit by setting the audit objectives

Primary Task Response: Within the Discussion Board area, write 300–400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Knowing that the Bovar Company’s audit will include the inventory cycle, you want to plan for the audit by setting the audit objectives. For this assignment, you will write and submit a document of 300–400 words that sets specific audit objectives that will be followed during the audit to meet each of the following management assertions:

Existence

Completeness

Accuracy or Valuation

Rights and Obligations

Presentation and Disclosure

Solution preview

For the sake of seeing the audit of Bovar Company through, it is important to have some specific audit objectives in place for effective planning. Specific audit objectives call for the application of the general objectives……………………….

APA

331 words

 

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