1. Audit Program For Aerospace Industry
... , that the accounting estimates are reasonable in the circumstances, and that the accounting estimates are in accordance with applicable accounting principles. Once beginning the actual audit, the auditor should review the terms of a sample of contracts currently in process in order to acquire a general understanding of a contractor's operations. Next, n order to determine the amount of testing ... should perform audit procedures such as reviewing subsequent cash receipts, including a comparison of requests for payment with the terms of the contract. Another procedure could be to review ...
- Word Count: 1880
- Approx Pages: 8
- Grade Level: Graduate