Audit NINJA Notes – Possible Typo?

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  • #174734

    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?


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

    Jeff Elliott, CPA (KS)
    NINJA CPA Review
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