You are the audit senior on the audit of Timber Frames Ltd (Timber Frames) for the...

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You are the audit senior on the audit of Timber Frames Ltd (Timber Frames) for the year ended 30 June 2015. As part of your examination of accounts receivable, you discover that the client has provided a provision for doubtful debts of $500 000. Your audit assistant's judgment is that the provision should be $800000. During planning, materiality for the client was set at $350000. REQUIRED Explain the type of auditor's report you would issue if Timber Frames refused to adjust the financial report. Would your answer to (a) be different if Timber Frames refused to adjust the financial report and materiality for the client was set at $250000? Give reasons for your di 105so ni viol einszeng biboont ent answer. babne nerit (a) (b) You are the audit senior on the audit of Timber Frames Ltd (Timber Frames) for the year ended 30 June 2015. As part of your examination of accounts receivable, you discover that the client has provided a provision for doubtful debts of $500 000. Your audit assistant's judgment is that the provision should be $800000. During planning, materiality for the client was set at $350000. REQUIRED Explain the type of auditor's report you would issue if Timber Frames refused to adjust the financial report. Would your answer to (a) be different if Timber Frames refused to adjust the financial report and materiality for the client was set at $250000? Give reasons for your di 105so ni viol einszeng biboont ent answer. babne nerit (a) (b)

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