Explore BrainMass

Typical Components of an Audit Program

What are the typical general components of an audit program? What purpose do these components serve? Which component is most important? Explain why.

Solution Preview

The typical general components of an audit program are:

- Obtain (or retain) the engagement
- Engagement planning
- Risk assessment
- Audit Evidence
- Reporting

These general components lead an auditor to test for internal controls to lead them to a ...

Solution Summary

The solution explains the purpose and importance of the 5 components most often found in an audit program. 154 words.