Audit Program Explained. Auditing Course - CPA Exam AUD

Описание: In this video, I explain the purpose of the audit program.

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0:00 Introduction
This video explains an audit program as a detailed list of steps and procedures auditors follow to perform an audit on a specific account or an entire engagement (0:12). It's essentially a roadmap for the audit process (0:33).

The video highlights four key decisions involved in an audit program (5:23):

Audit Procedures: These are specific instructions outlining the evidence an auditor needs to obtain (6:06). For example, comparing cash disbursement journals to bank records (7:01).
Sample Size: Determining how many items to test from a larger population (7:38).
Item Selection: Deciding which specific items from the sample size will be examined (8:41). This can be random, systematic, or targeted (8:51).
Timing: When the audit procedures will be conducted, which can vary based on factors like regulatory deadlines or staff availability (9:44).
The video also shows an example of an audit program for cash, detailing objectives and procedures (2:31).





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