Lesson 21 of 23
This lecture discusses audit programs. The audit program is that insane checklist of procedures that get performed by the audit team to gather evidence. There are basically three types of procedures that get listed on the audit programs: 1) Tests of controls, 2) Analytical procedures, and 3) Tests of details.
Each transaction cycle will have its own audit program with a mix of these types of procedures that will vary depending on the risk assessments established during the audit plan.