Auditing (PDF)

If you're in business or a business major, audits will happen. Business and accounting students or professionals involved in finances and accounting often have a range of reactions to an audit, fear and loathing being high on the list. Our experienced author, professor and consultant Michael Griffin, MBA, CMA, CFM, ChFC details the auditing process in a streamlined bullet pointed 6 page reference Eguide that provides a road map from start to finish with all stops in-between. Designed for quick reference, you will find sections and specific details fast. With a process that often happens annually it is nice to have this handy refresher regardless of your experience level. 6-page Eguide includes:- What is an Audit? Overall Objective of an AuditorAssertionsAssurance ServicesMajor Steps of an AuditFinancial Statement AuditGenerally Accepted Auditing StandardsAuditor's ReportSample Auditor's ReportCompilationReview- Engagement AcceptanceUnderstanding the Client/Entity & Its EnvironmentReview of Litigation, Claims &AssessmentsContingent LiabilitiesRelated Party TransactionsInternal ControlReceipt of Cash from CustomersPerforming Audit Procedures & Evaluating EvidenceAudit SamplingAnalytical ProceduresRatio AnalysisInternal AuditUse of Specialists in an AuditAuditing the Revenue (Sales)CycleAuditing the Purchases & Cash Disbursements CycleOther Processes Subject to AuditSarbanes-Oxley Act of 2002 (SOX 2002)