10/4/19
Audit Procedures – Financial Audit • Risk Assessment – Critical Financial Measures & Disclosures • Fraud Assessment – Inquiries; Revenues; Internal Controls • Planning and Preliminary Analytical Review • Understanding and Testing of Internal Controls • Review of Journal Entries and Daily Revenue, AP, and Payroll Postings • Grouping of Accounts to the Financial Statements (GAAP)
Audit Procedures – Financial Audit • Substantive Tests of Account Balances (Vouching, Observation, Search for Liabilities, Tracing, Confirmation, Predictive Tests, Control Total Testing) • Review of Audit Work • Summary of Audit Conclusions • Drafting of Financial Statements • Drafting of Communication Letters and Approval of Audit Adjustments • Finalization and Electronic Filing to the NIGC, Board, and Management
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