SlideShare a Scribd company logo
Please review attached documents. I have included the only
information provided on company RNS (as the RNS Project
Scenario) and I have provded the milestone 1 business
environment analysis for RNS.
Overview: Careful planning is a critical part of the success of
every audit. However, planning is not simply done at the
beginning of the audit but is a continuous and iterative process
in which the results of one stage of the audit often necessitate
revisions to plans for the next stage.
Prompt: Using your analysis of the business environment of
RNS from Milestone One, as well as your textbook reading on
planning an audit of cash accounts, write an audit program
(plan) that could be used to evaluate RNS’s internal controls for
cash. Be sure your program addresses each component of
internal control.
Specifically, the following critical elements must be addressed:
I. Write an audit program for internal control of cash in Word or
Excel. The following components must be included:
A. Control environment
B. Risk assessment
C. Control activities
D. Information and communication
E. Monitoring

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Please review attached documents. I have included the only informati

  • 1. Please review attached documents. I have included the only information provided on company RNS (as the RNS Project Scenario) and I have provded the milestone 1 business environment analysis for RNS. Overview: Careful planning is a critical part of the success of every audit. However, planning is not simply done at the beginning of the audit but is a continuous and iterative process in which the results of one stage of the audit often necessitate revisions to plans for the next stage. Prompt: Using your analysis of the business environment of RNS from Milestone One, as well as your textbook reading on planning an audit of cash accounts, write an audit program (plan) that could be used to evaluate RNS’s internal controls for cash. Be sure your program addresses each component of internal control. Specifically, the following critical elements must be addressed: I. Write an audit program for internal control of cash in Word or Excel. The following components must be included: A. Control environment B. Risk assessment C. Control activities
  • 2. D. Information and communication E. Monitoring