Homework: Audit Plan- Evaluating Potential Fraud & Audit Risk
Overview
Choose a business entity that has been fined and penalized by PCAOB for fraud in the last four years. Develop a strategy and audit plan for evaluating potential fraud and audit risk, including recommended guidance for ADA.
Task
Write 5 to 7 pages paper in which you:
1) Discuss four best practices for detecting fraud.
2) Discuss how ADA tools could aid the auditor in discovering fraud and evaluating audit risk. Support the discussion with three examples.
3) Develop an audit plan using ADA best practices (including the AICPA five-step process) to detect fraud.
4) Recommend three future applications of ADA in business and the auditing profession.
5) Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your homework. For help with research, writing, and citation, access the library or review library guides.
6) Produce writing that is clear and well organized and applies appropriate SWS style. Writing contains accurate grammar, mechanics, and spelling.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
1) Develop an audit plan to evaluate potential fraud and audit risk based on ADA and AICPA guidance.