Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Cost Accounting Expert

1. You are required to download the latest annual report published by one of the following institutions:

- Adult Multicultural Education Services

- Centre for Adult Education

2. Using the steps set out in Arens et al. (2010), plan the audit for the entity you have chosen. You must be as specific as possible when developing your audit plan.

3. You have accepted the appointment as auditor and communicated your decision through an engagement letter. The engagement letter includes, among other things, the scope of the audit. The audit fee is $65,000. You are now preparing the audit plan for the audit partner's approval.

Required

Using the steps set out in Arens et al. (2010) develop the audit plan the audit for entity. Your audit plan must include the followings:

1. Executive summary

2. Introduction

3. Audit plan with the following headings:

- Understand the client's business and industry

- Assess client business risk

- Perform preliminary analytical procedures

- Set materiality and assess acceptable audit risk and inherent risk

- Understand internal control and assess control risk

- Gather information to assess fraud risk

- Develop overall audit plan and audit program

4. Conclusion
5. Appendix
6. References

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M9527111

Have any Question?


Related Questions in Cost Accounting

Assessment taskselect two public limited companies listed

Assessment task Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then go to the Investor Relations sectio ...

The balanced scorecard can be described as a tool that

The Balanced Scorecard can be described as a tool that "translates an organisation's mission and strategy into a set of performance measures that provide the framework for implementing its strategy" (Horgren et al., 2014 ...

Assignment - the effect of customer service experience on

Assignment - The Effect of Customer Service Experience on Subsequent Purchase Decisions One of our core topics this term will be to examine how management decisions affect sales volume and, therefore, company profits. Tw ...

Assessment taskselect two public limited companies listed

Assessment task Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then go to the Investor Relations sectio ...

Assignment1 based on your topic given by your lecturer

Assignment: 1. Based on your topic given by your Lecturer, select two research-based journal articles relating to your topic. The articles you choose must cover a contemporary issue that is relevant to your topic. The jo ...

Research and write a paper on the topicthe ethics of

Research and write a paper on the Topic: The Ethics of manipulating budgets The paper should be approximately 3-4 double spaced written pages, plus your reference page (at least four references required) and any appendic ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As