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.

Prepare a detailed key audit matters section which includes TWO (2) key audit matters and audit procedures resulting from the control risk assessment of Crest Outfitters. Please answer in the tabular format of three columns (1) KAM title, (2) KAM detailed description, (3) Audit procedures. (5 marks)