They are as follow:

Valley Publishing Audit CaseYour assignment for March 9, 2011We have discussed the four sources of substantive evidential matter. They are as follow: 1 understanding your client business and industry, 2 Test of controls and reviewing the client’s documentation of control, 3 Substantive test of transactions and 4, Detail Test of Accounts Balances. We will do portions of VPC that address each type of evidence.I . Understanding your client business and industry VPC –Analytical Review Procedure 20pts . Electronic version due March 20, 2011. Hard copy due first class period after spring breakGo to Pages 1-1 to 1-7 for assignment. Go to last years work 4-43 – 4-51 for guidance on what to do for 20X2.Go the permanent file section 3 , p3-1 to 3-31. You will find the client history and background, organization chart, chart of accounts Board minutes for 20X1 and 20X2, accounting Systems and control information. Go to page 219 in your text and the relevant pages on understanding the client business and industry. On page 1-7 you will see the deliverables to the Professor.Requirements:Cover Sheet with Team name on first pageA copy of Trial balance with notations from your analytical review and your comparisons to the prior year.A brief overall memo highlighting your major findingsA Memo summarizing the control environment with a conclusionA control matrix for purchasing and cash disbursement cycle. This should list the controls and weaknesses for the cycle reference to the applicable balance related Audit objective.