Assignment For Financial Report Audit And Testing Procedures ✓ Solved

Assignment for Financial Report Audit and Testing Procedures

Assignment for Financial Report Audit and Testing Procedures

For the purposes of this assignment, imagine that you work as an Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in the Australian Stock Exchange (your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020. You will perform your audit for this client in all parts of the assignment.

Part 4 requires you to design five (5) substantive procedures for the transactions and balances discussed in Part 3. You should justify why you select these substantive procedures for each of the following scenarios:

  1. Your proposed tests of controls in Part 3 passed.
  2. Your proposed tests of controls in Part 3 failed.

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