What may be the possible sources of obtaining information in respect ofclient’s business for the purpose of

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What may be the possible sources of obtaining information in respect of client’s business for the purpose of preparation of an audit plan?

2. What is a planning memorandum and what information should it contain?

3. Describe the audit risks and explain the auditor’s response to each risk in planning the audit of LULU Ltd

4. Discuss the following audit approaches.

(i) Balance sheet audit approach (ii) Audit risk approaches (iii) Business risk approach.

5. Under what circumstances the auditor should not accept an audit engagement?

6. Enumerate some contents of the audit engagement letter.

Related Book For answer-question

Pricing Strategies A Marketing approach

ISBN: 978-1412964746

1st edition

Authors: Robert M. Schindler

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Posted Date: Dec 22, 2022 03:01 AM

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What may be the possible sources of obtaining information in respect ofclient’s business for the purpose of

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Possible sources of obtaining information about a clients business for the purpose of preparing an audit plan include Interviewing management and other key personnel Reviewing previous audit reports a... View the full answer

Pricing Strategies A Marketing approach

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