Barcharts

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 laminated reference guide 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 laminated guide includes: - What is an Audit?

Overall Objective of an Auditor

Assertions

Assurance Services

Major Steps of an Audit

Financial Statement Audit

Generally Accepted Auditing Standards

Auditor's Report

Sample Auditor's Report

Compilation

Review

- Engagement Acceptance

Understanding the Client/Entity & Its Environment

Review of Litigation, Claims &Assessments

Contingent Liabilities

Related Party Transactions

Internal Control

Receipt of Cash from Customers

Performing Audit Procedures & Evaluating Evidence

Audit Sampling

Analytical Procedures

Ratio Analysis

Internal Audit

Use of Specialists in an Audit

Auditing the Revenue (Sales)Cycle

Auditing the Purchases & Cash Disbursements Cycle

Other Processes Subject to Audit

Sarbanes-Oxley Act of 2002 (SOX 2002)