ACCT107 Analysis – Audit Planning (50 Points)
Prepare a clear, complete, and concise analysis of the topic describe d below. Your analysis should follow
the order listed and be no more than two pages in length.
Your analysis will be graded on content, organization, grammar and pu nctuation.
Analyses must be prepared in Microsoft Word and submitted to the D2L Dropbox. You may submit
multiple versions of your analysis but only the last version submitted prior to the assignment due date will
be graded. All submissions will pass through the D2L automatic plagiarism detection system.
Analyses submitted late will be assessed a 10 point penalty. Analyses submitted more than 1 week late
will not be graded and scored as 0 points.
You have contracted to audit the Paragary Restaurant Group. According to its website, the company is a
pioneer in the Sacramento restaurant scene that owns and operates restaurants and bars within the
Sacramento region. Each restaurant or bar has a unique concept, but is held to the same standard of
high quality food, service and atmosphere, making the company one of the most successful restaurant
groups in Sacramento.
IN YOUR OWN WORDS
1. Describe your responsibilities for gaining an understanding of the company and its environment as
required by auditing standards.
2. Identify and describe the following:
a. Types of information you would gather about the company and its environment
b. Types of audit procedures you would perform to gather that information
3. Describe how you would use that information to help properly plan your audit.
Your analysis should NOT include procedures performed to gain an understanding of the company’s