auditing

QUESTION 18 QUESTION 4(10 MARKS): Suggested be allocator 30 minute Your audit client Sweat Sounds Ltd (Sweet Bound), manufactures mystems. The company has a year end of June 2001. Deber 2000, da manufacturing process to make its product more relatie Bocause of the created by the company decided to the waterly on is proud trom yours to live (5) years in relation to all as made from 1 January 2011 From manament review of warranty olam relating to the new productes rood the came were down by about scorgered with out the women made an estimate of the provision for warranty of $4.000.000 for 30 June 2021 (53.500.000 for the previous year) REQUIRED: Identity the main types of substantive audit procedures and describe each procedure. (2 marks) Llar down the financial statement assertions relating to account balances and explain each scortion (maks What are the main audit assertions that you should consider for this part of the audit for Sweet Sound? Describe the specific sudi substantive eine would perform to cover these assertions. (2 marks) Discuss any special risks in auditing provisions for warranty (and in auditing Sweet Sound's provision for warranty, in particular. (2 marks) For the toolhar, press ALT F10 (PC) ALT+FN F10 M B / VS Paragraph Arial 10pt IEE A I. XOQ x" X 33 STT TE 1 2 ED 93 BER . :) +1+ D SA Save and Chek Son and Submitted and submit Chick Sew All Abers to saw allows QUESTION 18 QUESTION 4(10 MARKS): Suggested be allocator 30 minute Your audit client Sweat Sounds Ltd (Sweet Bound), manufactures mystems. The company has a year end of June 2001. Deber 2000, da manufacturing process to make its product more relatie Bocause of the created by the company decided to the waterly on is proud trom yours to live (5) years in relation to all as made from 1 January 2011 From manament review of warranty olam relating to the new productes rood the came were down by about scorgered with out the women made an estimate of the provision for warranty of $4.000.000 for 30 June 2021 (53.500.000 for the previous year) REQUIRED: Identity the main types of substantive audit procedures and describe each procedure. (2 marks) Llar down the financial statement assertions relating to account balances and explain each scortion (maks What are the main audit assertions that you should consider for this part of the audit for Sweet Sound? Describe the specific sudi substantive eine would perform to cover these assertions. (2 marks) Discuss any special risks in auditing provisions for warranty (and in auditing Sweet Sound's provision for warranty, in particular. (2 marks) For the toolhar, press ALT F10 (PC) ALT+FN F10 M B / VS Paragraph Arial 10pt IEE A I. XOQ x" X 33 STT TE 1 2 ED 93 BER . :) +1+ D SA Save and Chek Son and Submitted and submit Chick Sew All Abers to saw allows