The audit fee disclosed for Severn Trent plc (a UK company providing water to homes and businesses)
Fantastic news! We've Found the answer you've been seeking!
Question:
The audit fee disclosed for Severn Trent plc (a UK company providing water to homes and businesses) was 0 million in its 2005 accounts . solve
(a) Discuss how many man-days of audit time you think would be reasonable to audit this company where:
question(i) the sales were 2,084 million;
(ii) the profit before tax was 217 million;
(iii) the fixed assets were 5,440 million;
(iv) the current assets were 656 million;
(v) there were 16,374 staff, with 11,569 in the UK and the remainder principally in the US and Europe
(b) Discuss the suggestion that audit fees are inadequate
Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
Posted Date: