Your firm has been the auditor of Fair Convenient Store Berhad for past three years. This is
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Question:
Your firm has been the auditor of Fair Convenient Store Berhad for past three years. This is the first year you have been responsible as a partner in charge of the audit.
Required:
(a) List the matters you would consider and the work you would perform in planning the audit prior to the commencement of the audit work.
(b) Explain how you would apply materiality in conducting the audit.
(c) Briefly discuss the analytical review and its contribution to the efficiency of your audit process.
Expert Answer:
Answer rating: 100% (QA)
What to consider and work to do before when planning an audit Deciding the right auditor to carry out the audit The responsibility rests with your aud... View the full answer
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