[Verse 1] Scrutinize the ledger's tale through ratio eyes Expectations built from prior year's disguise Compare the figures, spot the strange and unexplained Analytical procedures keep fraud chained [Chorus] PREP - Planning, Review, Evidence, Procedures Substantive tests when precision's what we need Fluctuations whisper secrets auditors heed CAS Five-Twenty guides our every deed [Verse 2] Planning phase reveals the risks that lurk beneath Material weakness hidden like a thief Gross margin shifts and turnover decline Red flags emerge in analytical design [Chorus] PREP - Planning, Review, Evidence, Procedures Substantive tests when precision's what we need Fluctuations whisper secrets auditors heed CAS Five-Twenty guides our every deed [Verse 3] Substantive procedures when detection's our goal Acceptable difference plays the starring role Payroll per employee, rent per square foot Mathematical precision gets to fraud's root [Bridge] Review stage wraps the audit in a bow Overall reasonableness lets confidence grow Investigate variances that exceed our threshold Let analytical thinking take control [Chorus] PREP - Planning, Review, Evidence, Procedures Substantive tests when precision's what we need Fluctuations whisper secrets auditors heed CAS Five-Twenty guides our every deed [Outro] Three stages strong, one standard true Analytical procedures seeing us through
← Audit Evidence Fundamentals (CAS 500-series) | Audit Sampling Techniques (CAS 530) →