Question: For the following three specific audit procedures (a through d) perform the following: State the specific audit assertion associated with the audit procedure. For each
For the following three specific audit procedures (a through d) perform the following: State the specific audit assertion associated with the audit procedure. For each specific audit assertion identified, state the type and quality of aut evidence required (low, medium or high). Explain why the evence is the quality level you specify. c)The auditor discussed with the client the approach taken to estimate an asset impairment charge. Type of audit Applicable audit Reliability of evidence (with assertion (1/2 evidence (High, reason) (1/2 mark) mark) Medium or Low, with reason) (1 mark)
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