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2020 ACC3001 Auditing Final Assessment Final - Word Search Layout References Mailings Review View Help TO AaBbCcI AaBbCcD( AaBbCcI AaBbCc A T Normal Body Text 1 No Spac... Heading 1 Paragraph IN Styles Section B Case Study Question 3 (8 marks) On 28 February 2020, Stu & Dent, Public accountants, completed the audit of Shylo Ranch Lid for the year ended 31 December 2019. A rent fire destroyed the accounting records concerning the cost of Shylo's livestock. These were the only records destroyed. The auditors are unable to obtain adequate evidence concerning the cost of the livestock, which represents about 8% of total assets. These are Australian Accounting standard-based financial statements and notes, and the auditors found no other problems during the audit. The audit report is to cover the 2012 financial report only. The audit partner has indicated that a qualified opinion is more appropriate than an adverse opinion. Required: Prepare a draft of the audit report for review by the audit partner. Focus tes) O e 99+ W