Key Assignment Draft
As an auditor, you must have a general understanding of the aspects of a company-both a financial and an operational perspective. This entails understanding the 5 business cycle processes of a company, which are as follows:
• Revenue
• Purchasing
• Human Resources
• Inventory Management
• Financing/Investing
Select 2 business cycles for which you will prepare an audit program. After you have selected the two business cycles, you will need to develop an assertion, possible error, control, and test step for each. You will complete the exercise with 2 5x4 charts. An example of the chart is as follows:
AssertionPossible ErrorControlTest Step
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.