Audit Planning and Assessment of Trial Balance of Azure Enterprises

ASSIGNMENT

To,
Respected Sir,
Audit Senior
Present report relates to audit assessment of the trial balance of Azure Enterprises as
requested by you. The report specifies the area which requires to be emphasized in more
detail along with the audit procedures required to be applied on same. It can be concluded
that adequate, appropriate audit evidence is necessary for forming an opinion on financial
statements.
Yours sincerely.

AUDIT PLANNING

Executive Summary
By comprehending the significance of risk analysis, an auditor can plan their inspection to
invest more time in the areas where the risks are maximum. In addition to this during the
period of planning, an auditor should assess about the client, their client’s internal controls,
information technology environment of their client, corporate governance of their client and
closing process of the client. Present report analyzes the trial balance of Azure Enterprises in
order to ascertain those accounts which require significant audit analysis. The accounts which
have been assessed to be significant on the basis of trend analysis have been explained along
with appropriate audit procedure. It can be concluded from the present analysis that an
auditor necessarily requires audit evidence along with management trustworthiness in order
to make a decision that whether fraud variant exists in books of accounts or not.