Draft financial information for Darfield Electronics for the year to 30 June 2015 is as follows: Required

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Draft financial information for Darfield Electronics for the year to 30 June 2015 is as follows:

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Analyse the information above, identify audit risks and outline how the auditor should respond to these risks.

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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Question Posted: May 23, 2024 07:01 AM

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Draft financial information for Darfield Electronics for the year to 30 June 2015 is as follows: Required

Question:

Revenue Cost of sales 2015 2014 Draft Actual $000s $000s 5267 4122 (2519) (2290) Gross profit 2748 1832 Operating expenses (1718) (958) Profit before interest and tax 1030 874 Cash 527 Trade receivables 931 587 Inventory 481 366 Bank overdraft 206 Trade payables 366 275

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Modern Auditing And Assurance Services

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