During the external audit on the financial statement of ZZ (Pty) Ltd for the year ended...
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During the external audit on the financial statement of ZZ (Pty) Ltd for the year ended 30 June 2023, you have been assigned the salaries and wages and the non-current liabilities sections. 2.2 2.1 Detail the methods you would apply to obtain audit evidence on the assigned sections. (10) Explain how you would categorise the audit evidence that you obtained into levels of reliability. 2.3 (10) The audit manager decided to assign an additional component to your workload. During the scope discussion, you realised that a close family member is a supplier directly benefitting from this additional component. Discuss, with examples, the threats that should be assessed by the audit team during any audit engagement. (20) During the external audit on the financial statement of ZZ (Pty) Ltd for the year ended 30 June 2023, you have been assigned the salaries and wages and the non-current liabilities sections. 2.2 2.1 Detail the methods you would apply to obtain audit evidence on the assigned sections. (10) Explain how you would categorise the audit evidence that you obtained into levels of reliability. 2.3 (10) The audit manager decided to assign an additional component to your workload. During the scope discussion, you realised that a close family member is a supplier directly benefitting from this additional component. Discuss, with examples, the threats that should be assessed by the audit team during any audit engagement. (20)
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Answer rating: 100% (QA)
21 Detail the methods you would apply to obtain audit evidence on the assigned sections Here are some of the methods you could apply to obtain audit evidence on the assigned sections Salaries and wage... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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