[rbcpa]

Hi guys,

I was going through the NINJA notes for Audit and I think there is a typo, please correct me if I am wrong.

On page 43 it says: “Audit Procedures – Auditor focuses first on Balance Sheet Accounts, then associated Income Statement items”

However, shouldnt it be the Auditor focuses first on Income Statement Accounts, and then Balance Sheet Accounts?

BEC - PASSED
AUD - PASSED
REG - PASSED
FAR - PASSED

[jeff]

Good question – in this case, you're looking for BS items in light of detection risk … Cash … A/R … A/P … Inventory.

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Author]

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