ABSTRACT
Introduction Having completed our discussion of risk assessment and planning substantive procedures, we now turn to the audit of speci c processes within an organization. We will decompose the audit into core processes and then discuss the risks, controls, audit issues, and evidence pertinent to each process. Given that all signi cant or material transactions are a ected by at least one major process, cumulative audit consideration of the processes
within an organization should provide su cient appropriate evidence (see Chapters 14 and 15) on which to base an opinion about the nancial statements.
