John Brown as recently appointed as Senior Auditor of the Auditing Firm Fifty Eight Ltd as part of the planning for the Audit for the financial year ended July 2019. Mr Brown and his audit team is planning visit to Fifty Eight Ltd to review the company’s internal control system in preparation for the final audit of the company’s financial statements for the year ending 31 July 2019.As part of the final audit team Mr. Brown, together with other team members, have been instructed to attend a briefing meeting as part of the planning of the final audit of Fifty Eight Ltd year-end financial statements.

(a) State FIVE matters that should be discussed at the audit briefing meeting as part of the planning process of the final audit of Fifty Eight Ltd financial statements for the year ending 31 July 2019

(b). Explain the importance of audit planning and state TWO matters that would be included in an audit plan

Answer rating: 100% (QA)

a Matters to be discussed at the audit briefing meeting as part of the planning process of the final audit of Fifty Eight Ltd financial statements for ... View the full answer