Textbook
Guide to Quality and Efficiency for Prentice Hall's Small Business Audit Manual
The overall objective of this Guide is to enable readers to more effectively apply Prentice-Hall's Small Business Audit Manual to engagements to maximize both quality and efficiency. Specifi cally, readers will be able to: (1) Make risk and materiality decisions that result in the minimum amount of evidence on small business audit engagements. (2) Select the most cost-beneficial audit approach by: (a) Understanding audit objectives and their im pact on evidence design for small business audits. (b) Determining when to use the "system's walk through approach" on small business audits to eliminate transactions tests. (3) Understand the nature of various types of tests and how to use tests that are consistent with the audit approach. (4) Make efficient sampling decisions on small business audits. (5) Increase firm revenues by more effectively iden tifying and selling additional services to small business clients.
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