AUDIT PROGRAM FOR AERIS ENVIRONMENTAL LTD. Overview of Aeris

AUDIT PROGRAM FOR AERIS ENVIRONMENTAL LTD

Overview of Aeris
Environmental Ltd
 The systematic examination and evaluation of the various
accounts of Aeris Environmental was taken into consideration for
the examination of the various accounts, documents and statuary
record of the company.
 There were many material account balances assessed by
including the financial report of the company.
 The risks, which are to be identified for the business, is from the
perspective of audit (DeFond and Zhang 2014).

Identification of Key Audit
Risks
 The main risks, which can be identified from the annual reports, is
the significant decrease in the cash balance of the business.
 The cash balance is shown to have fallen significantly in
comparison to previous year analysis, which suggest that, the
management of the business (Beck and Mauldin 2014).
 The balance sheet of the company for the year 2017 is shown to be
$ 1,519,941 while the same was $ 5,415,664 in 2016.
 There is also a risk on interest bearing securities of the business
which is shown in 2016 and the amount which is shown is $
1,015,000 and in 2017, the interest-bearing securities of the
business is not shown which suggest that the management of the
company might have repaid the interest-bearing securities of the
business (Guénin-Paracini, Malsch and Paillé 2014).