Acc 403 Audit Planning And Control

Running head: AUDIT PLANAudit PlanIntroductionIn this paper, selects a public accounting company and conduct an audit for the selected company. Public accounting company hired a senior partner to complete an external audit to ensure their stakeholders that the company’s financial statements are prepared according to the GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards) standards. In this paper, for conduct an external audit selects Hawaiian Airlines, Inc. that is 8th largest commercial airline largest airlines in term of revenues, profitability and market share in the US. Hawaiian Airlines, Inc. is based in Honolulu, Hawaii and it is considered as the number one on-time carrier in the United States in terms of their history of never had a fatal accident with a hull loss. As a senior partner to complete an external audit the financial statements of Hawaiian Airlines, Inc and test the effectiveness of internal control over financial reporting through evaluate the performance ratios. Outline the critical steps inherent in an audit planning and planning an effective audit programAs a senior partner to complete an external audit of the Hawaiian Airlines, Inc, firstly outlines the critical steps related to audit planning that will