Using the case study Jim’s Auto Body, prepare an audit program to audit revenue. You will use all of the relevant management assertions as the audit objectives, and you should include the following: Management assertions to be addressed (audit objectives) Internal control Test of controls Substantive test of transactions Part 1 After the audit program has been drafted, identify the type of report that will be produced as a result of the audit of revenue, and develop the audit report. Part 2 The American Institute of Certified Public Accountants (AICPA) professional standards provide uniform wording and format for the audit report. The audit report should focus on the revenue cycle and Jim’s Auto Body. Write a 1-page audit report for Jim’s Auto Body that includes all seven parts of a standard audit report, as follows: Report title Audit report address Introductory paragraphs Scope paragraph Opinion paragraph Name of the Certified Public Accountant (CPA) firm Audit report date Must include and cite references

Submit a draft of the inventory management and benchmarking sections of the final project (Sections II and III, respectively), including all critical elements as listed in the Final Project Guidelines and Rubric document. Refer to the Hampshire Company Case Study document, as this will provide you with details on how to complete this milestone. All calculations for your quantitative analysis should be completed in the Hampshire Company Spreadsheet. You will provide a rough draft of the written portion of your qualitative analysis in a Word document.