Assignment: Audit Review
For this assignment, you will plan for an audit of the financial statements with a focus on revenue. First, identify the relevant business cycles that are related in accounting. Include a brief description of each business cycle. For the revenue cycle, include following the audit objectives that you feel are the most relevant and that you will use in accordance with management assertions:
• Existence
• Completeness
• Accuracy or valuation
• Rights and obligations
• Presentation and disclosure.
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.