Question: please answer. This is an excerpt from the trial balance for Brookgrove Entertainment Group Ltd (BEL). Performance materiality for the trial balance has been assessed
This is an excerpt from the trial balance for Brookgrove Entertainment Group Ltd (BEL). Performance materiality for the trial balance has been assessed as 56.24M for Dec 21:56,09M for June 2021, and $6.16M for June 2020 at 70% with a moderate risk of material misstatement. Inherent risk has been assessed as moderate to high for these three accounts. Use the numbers listed in the first column (No.) of table to record your response in the answer box. a Discuss the control risk assessment for each account b. Discuss the impact of materiality on the audit of each account c. Discuss the impact on audit testing of the above assessment on each account d. Provide an overall conclusion about the audit approach for this group of accounts No. Account Name June 2020 5000's June 2021 Sooo's Dec 2021 $000's 214,205 256,873 205.393 1 Property Plant and Equipment 727,243 730.693 303,456 Intangible Assets and Goodwill 775.159 757.200 743,621 Fight of Use Asset
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