audit

Financial Statements

Review balance sheet for accuracy and completeness

Examine income statement for proper classification of revenues and expenses

Analyze statement of cash flows for consistency with other financial statements

Verify supporting documentation for significant transactions

Evaluate management's disclosure of significant accounting policies

Internal Controls

Assess the effectiveness of internal controls over financial reporting

Test the design and operating effectiveness of key controls

Identify any control deficiencies or weaknesses

Review management's response to prior audit findings

Revenue Recognition

Review revenue recognition policies and procedures

Test a sample of revenue transactions for proper recognition and measurement

Assess the accuracy of revenue disclosures in the financial statements

Verify the existence of supporting documentation for revenue transactions

Expenses and Accruals

Evaluate the accuracy and reasonableness of recorded expenses

Assess the appropriateness of accruals and estimates

Review the classification of expenses in the income statement

Verify the existence of supporting documentation for significant expenses

Assets and Liabilities

Inspect the physical existence of tangible assets

Confirm the ownership and valuation of intangible assets

Evaluate the measurement and disclosure of liabilities

Assess the adequacy of provisions for doubtful accounts and inventory obsolescence

Related Party Transactions

Identify and evaluate any related party transactions

Confirm the completeness and accuracy of related party disclosures

Assess the appropriateness of the pricing and terms of related party transactions

Legal and Regulatory Compliance

Evaluate compliance with applicable laws and regulations

Assess the adequacy of the company's internal control over compliance

Review the company's response to any legal or regulatory issues

Management Representations

Obtain written representations from management regarding the financial statements

Review the completeness and accuracy of management's representations

Document any limitations on management's representations

Audit Documentation

Ensure proper documentation of audit procedures performed

Review the workpapers for completeness and accuracy

Assess the adequacy of audit evidence obtained

Archive the audit documentation in accordance with professional standards

Please note that this is a general example, and the specific sections and items may vary depending on the nature and scope of the audit being conducted.