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Chrome File Edit View History Bookmarks People Tab Window Help MO37% O Tue 6:20 PM Jessie Q = = Conten Bb Week Bb Assign Bb Week er Class Apr x Bb Micros The Jo L Mexico |||| Brights Svince.c = Econ3 Editor Web L + Home + c prod.reader-ui.prod.mheducation.com/epub/sn_24e1e/data-uuid-124cc6b9d47c49e89ccaca46a96206bd Paste TIL x Offic Appendix 6C Illustrative Audit Case: Keystone Computers & Networks, Inc. Part I: Audit Planning The Keystone Computers & Networks, Inc. (KCN), case is used throughout the text to illustrate audit procedures and methodology. KCN is a company that sells and installs computer workstations and networking software to business customers. The CPA firm of Adams, Barnes & Co. has audited the financial statements of KCN for the past three years. This part of the case illustrates selective audit planning working papers prepared by the staff of Adams, Barnes & Co. for this year's audit. You should read through the information to obtain an understanding of the nature of the information that is important to planning an audit engagement. The working papers include The balance sheet and income statement for the company for the prior year, 20X4. A trial balance for 12/31/X5, with comparative amounts for 12/31/X4. The analytical ratios working paper, partially completed. The overall audit strategy for the audit of the financial statements for the year ended 12/31/X5. A fraud risk assessment. The engagement letter for the audit, presented in Figure 6.2 of this chapter. have Page KIVSTONE COMPUTERS & NNTWORKS INC 6% 13 WA NOV 16 X W NE

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