Ardent Leisure Group Limited identify ten possible risk areas requiring further audit work. You should identify five possible risk areas relating to the income statement and five possible risk areas relating to the statement of financial position. You are required to explain why you think your selected areas can contain material misstatements. 5) Select any possible risk areas (two possible risk areas relating to the income statement and two possible risk areas relating to the statement of financial position) and briefly explain what audit procedures you would carry out to collect audit evidence.

Answer rating: 100% (QA)

Five Possible Risk Areas for Ardent Leisure Group Income Statement Revenue Recognition Ardent Leisur... View the full answer