Question: Section 2. - The partner has requested you to prepare a preliminary analytical review on the information provided by your company. The partner suggests that

Section 2. - The partner has requested you to prepare a preliminary analytical review on the information provided by your company. The partner suggests that as a minimum you address key balance sheet and profit and loss ratios over the period 2016 to 2019. Based on these results and the nature of your company's business and its markets, outline the apparent trends and changes in these ratios, the key risk areas for the audit and the matters that will have to be addressed in the audit plan. Give examples of relevant assertions and at least one audit procedure for each assertion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

There are three sections to this assignment. Each section is worth 10 marks. Each section includes a component for communication skills. Communication with clients is an imperative necessity for...

\\Y/ nummumurclmmv (frown Institute (it Higl'ter .izt'ittt'ation .'-\\.('i(.1302 Auditing (iron 1 Assignment\"Brie (Date Due: Week 10) Total Marks: 25 marks Worth: 25% of final This must be your own...

ASX Company: QBE Insurance Group Ltd (QBE) Section 1. Determine the level of materiality to be used for the audit of the group accounts for the year ending in 2019. Your answer should include a...

Assume you are part of the audit engagement tech for ZEL Company. Use the annual report of the company. Write a paper on which you need to address the following: 1. Determine the level of materiality...

The partner has requested you to prepare a preliminary analytical review on the information provided by your company. The partner suggests that, as a minimum, you address key balance sheet and profit...

The partner has requested you to prepare a preliminary analytical review on the information provided by your company. The partner suggests that as a minimum you address key balance sheet and profit...

Assume you are part of the audit engagement team for Computer share limited. The most recent annual report is the draft annual report for your company. the partner has requested you to prepare a...

I need a tutor to help me finish part b. ASSIGNMENT Your firm has been approached by a listed company, BONTO Limited, and asked if you will accept appointment as auditors for the year ending 31...

Jesset, who had been committed to a mental institution, was later released as having shown signs of increased mental stability. When her husband died several years later, Jessets son had her...

Compressible gas flow in a cylindrical pipe, gaseous nitrogen is in isothermal turbulent flow at 25C through a straight length of horizontal pipe with 3-in. inside diameter at a rate of 0.28lb m /s....

What is the main beneft of investing in a 4 0 tk , IRA, or other retirement account? Multiple Crusice The employee recelves addicinal tax desuctions yeaty. The earringe we tax free once withdown. The...

operation management home , please help me to solve thanks Homework 1) The demand for spring water at the Plano Walmart is 500 litres per week. The setup cost for placing an order to replenish...

1. To gain insight into why we believe more in one type of information than another.

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...

11. Give two examples of each of the following heuristic assessment mechanisms. a) We use the information that is currently accessible. b) We assume an initial anchor point (value). c) We compare to...