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Audit program format for test of controls and balances

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What is an audit programing format for test of controls and tests of balances?

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Solution Summary

The solution explains what an audit program is and how it applied to different types of industries. The concepts of internal control are integrated into the solution of 212 words.

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The format of an audit program is a customized list of questions and procedures that are designed to determine that the internal control systems within an entity are operating effectively and correctly.

The general stated purposes for internal control procedures are

1. To produce reliable financial statements,
2. To ...

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