Question
A CPA firm is engaged to conduct the Year 2 audit of Blossom Macarons Co. During the planning phase of the audit, the audit team
A CPA firm is engaged to conduct the Year 2 audit of Blossom Macarons Co. During the planning phase of the audit, the audit team has determined that the Accounts Payable process is material to the financial statements. An audit staff has pulled the prior year(Year 1) documentation for the process and retrieved preliminary supporting documentation from the client as part of a roll forward request list.
Prior to conducting the Year 2 walkthrough, you, as the audit senior on this engagement, are responsible for reviewing the prior year Accounts Payable walkthrough documentation along with the provided walkthrough support located in the exhibits tab to obtain an understanding of the purpose and determine whether any updates are needed for the current year.
To revise the Account Payable walkthrough documentation click on each segment of underlined text below and select the needed correction, if any, from the list provided. If the underlined text is already correct and does not need to be updated, select(original text) from the list. If removal of the underlined test is the best revision, select (Delete text) from the list
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