Question: C Only one question (compulsory) Scenario 3 (Total 40 marks) Zuweid plc is a leading hotel company which enters into multiyear contracts with big companies
C Only one question (compulsory) Scenario 3 (Total 40 marks) Zuweid plc is a leading hotel company which enters into multiyear contracts with big companies expanding their operations. Recently they invested RO1.2 million on two new buildings. These new buildings would be in addition to their existing 12 hotel chain buildings. Zuweid plc's total assets are RO 80 million and net profit before tax is RO 38 million. Zuweid ple's year-end Non-current asset balance is RO62 million. Requirement: Identify some of the substantive procedures and audit documentation that would be performed by the Statutory auditor during the audit of Zuweid plc 's tangible Non-current assets. (your answer should cover the steps taken to control or reduce the effects of inherent risks on tangible non-current assets)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
