Question: This assignment used the Case Study Crest Outfitters in Moroney, Campbell and Hamilton (2020), Auditing: a practical approach, 4e, John Wiley & Sons, Australia which

This assignment used the Case Study Crest Outfitters in Moroney, Campbell and Hamilton (2020), Auditing: a practical approach, 4e, John Wiley & Sons, Australia which have been discussed in Tutorials throughout the semester.

For the purposes of this assignment, you are working as a member of AuditTek audit team who audits Crest Outfitters for the financial year ending 30 June 2022.

1. Write a letter addressed to Felix Wong, the Audit Partner of AuditTek, highlighting the impact of COVID-19 on the audit of Crest Outfitters. In your letter, discuss how COVID-19 can affect:

(a) Two income statement accounts and related assertions (5 marks)

(b) Decision regarding the audit procedures for the identified account balances and assertions (5 marks)

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