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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.

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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.

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