Audit Planning

Essay specific features

 

Issue:

History

 

Written by:

Albert W

 

Date added:

March 29, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

3 / 601

 

Was viewed:

9884 times

 

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Essay content:

Ltd on the basis of understanding its business and industry. Further, the audit team had identified and assessed risks of material misstatement based on the following factors; Account Type Action Taken The organization (Sealant Pty Ltd) and its business environment Obtained comprehensive information through; • Thorough knowledge of the business • Methodological understanding of the audit team’s in terms of internal control...
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The company’s relationship between the industry and the broad economic and its business environment. Assessment Classification • The Audit focus on high risk as the major determination of the business risk. 1. Credit sales cycle and trade receivables It is considered a high inherent risk at assertion level for the fact that the processing errors are only partially mitigated by the sales manager and credit controller...
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