Rainbow Paint Company, a medium-sized manufacturing firm, has no internal auditing department.

Rainbow Paint Company, a medium-sized manufacturing firm, has no internal auditing department. It recently hired a new accounting firm to perform the external audit.

Required

Outline an audit plan to examine operating system control, program maintenance controls, and organizational system controls. Include in your plan the audit objectives, exposures, necessary controls, and test of controls. Also include any documentation the auditors should request.