1)Morison Muscat Audit Firm is a leading professional accounting & audit firm in Muscat. Morison Muscat has been appointed as the auditor of OceanTrading & Establishment Company, which is a leading supplyier of Home Appliances across the Gulf. Morison Muscat provided the financial statement of OceanTrading & Establishment Company for the year 2019 to you for conducting audit. Answer the following questions based on the same. a) Describe the formalities to be followed by Morison Muscat after the appointment? b) How do you examine the documents of OceanTrading & Establishment Company? c) Provide some suggestions to prevent errors and frauds.

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2) National Bank of Oman wants to establish an internal check system. a) How do you design an internal check system for National Bank of Oman? b) Provide some suggestions for the effective functioning of the internal check system.

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3) You are provided with the financial statements of Muscat Trading company and Oman Charitable Trust.

How do you differentiate the audit procedures on the audit of Muscat Trading Mompany and Oman Charitable Trust.

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