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1.The two components of professional skepticism are a questioning mind and a critical assessment of the audit evidence. How do these components help an auditor distinguish an unintentional misstatement from an intentional (fraudulent) misstatement?
Auditing, Accounting
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Yancoal Australia Ltd Assume you are the audit senior assigned to the audit of Yancoal Australia Ltd., a public listed company, for the year ended 30 June 2018. As an audit senior, you have been assigned the task of gain ...
Question - 1. Before accepting the audit engagement, the auditor has evaluated the client management. Why is this so? 2. At present there is no legal definition of the term "accountant" as a result, any person or firm ca ...
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Topic: How is Enhanced Auditor Reporting being embraced in Australia? Background and Context: Since 2016, there has been a strong push to improve the quality of audit reporting. Listed entities now have to report on "key ...
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AUDIT CURRENT FILE -MIGHTY MINING LTD AUDIT TASKS: 1. ACCEPTANCE DECISION - AUDIT OF MIGHTY MINING LTD 2018 - Assess whether it is ethical for BMS to accept the audit engagement of MML for 2018. Refer to APES110 (2017 ve ...
Question It has been recommended that ‘Audit working papers should always be sufficiently complete and detailed to enable an experienced auditor with no previous connection with the audit subsequently to ascertain from t ...
Question 1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Computing Solutions Limited (Computing Solutions) for the 30 June 2018 audit, you beco ...
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