Neko & Partners audit firm has audited Wira Coast council for two years, performing both a statutory
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Neko & Partners audit firm has audited Wira Coast council for two years, performing both a statutory audit of the financial reports and a compliance audit for the government department in charge of local councils’ landfill waste disposal sites. In all previous control testing, no exceptions were detected. The junior auditor on the engagement has suggested that no work on internal controls is required because last year’s evidence will be sufficient.
Required
Explain why the junior auditor’s suggestion is not appropriate.
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The junior auditors suggestion that no work on internal controls is required for the current years audit of Wira Coast council is not appropriate for several reasons Annual Variability Even if no exce...View the full answer
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Abdul Wahab Qaiser
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Related Book For 
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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