You are planning the 2017 audit for Victoria University. Using the 2016 annual Report (provided) Victoria University
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Question:
You are planning the 2017 audit for Victoria University. Using the 2016 annual Report (provided)
Victoria University Annual Report 2016
- Analysing the Financial Statements (pages 57-61) and associated notes, highlight 3 areas you may focus on during the audit, giving reasons for your choices.
- Calculate an initial overall materiality level for the audit, showing your workings.
- Using the following charge out rates, provide an indicative timeframe and resource allocation plan to support your initial fee request of $130,000 for the audit.
Charge out rates
Audit Partner $500 per hour
Audit Manager $300 per hour
Audit Senior $150 per hour
Audit Junior $100 per hour
Needs to download Victoria University Annual Report 2016 and needs to look page 57-61 . Thank you
Related Book For
Auditing and Assurance Services An Applied Approach
ISBN: 978-0073404004
1st edition
Authors: Iris Stuart
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