Case Study Smackey Dog Foods
1. Planning and risk assessment: The nature and extent of necessary planning activities depend in the size and complexity of the company, auditor’s previous experience and changes in circumstances that occur during the audit. Here, the risk can be evaluated by picking up an underlying comprehension of how Smackey Dog Foods works together and the business they are in. Keller CPA's should take a look at the how the internal controls, procedures and frameworks are planned and are being actualized with the goal that the transcations-related audit objective of occurence, accuracy, completeness, order, timing, and posting can be evaluated.
2. Substantive tests: Substantive tests needs to be apply on the inventory accounts and Accounts Receivables
2. Substantive tests: Substantive tests needs to be apply on the inventory accounts and Accounts Receivables