acc 492 wk 3 team assignment group 3docx running head auditing inventory
and payroll accounts 1 acc492 auditing inventory
warehousing and payroll accoun
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Running head: Auditing Inventory, Warehousing, and Payroll Accounts 1
ACC/492
Auditing Inventory, Warehousing, and Payroll Accounts
Group 3
ACC/492
Auditing Inventory, Warehousing, and Payroll
Accounts
Introduction
Amazon is one of the world’s most innovative companies. It was founded in 1994 and
is now a multibillion-dollar organization. Amazon strives to be “Earth’s most customer-centric
company.” The company owns many subsidiaries including Whole Foods Market, Kindle, Fire
TV, and Alexa. The company’s main goals are to focus on selection, price, and convenience
for consumers to give them the best services and prices. (Amazon, 2020)
In the following, we will discuss specific risks about Amazon when conducting an audit
for inventory, warehousing, and payroll accounts. We will include audit steps of tests of
controls, tests of details of balances, substantive tests of transactions, analytical procedures,
sample size, and sample methodology. This will give a better understanding of what auditors
look at during an audit and how the company runs in everyday sales.
Tests of Controls
[Like all sections of your paper, references start on their own page, as you see on the
page that follows. Just type in-text citations as you do any text of your paper, as shown at the
end of this paragraph and the preceding paragraph.] (Last Name, Year)
Tests of Details of Balances
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