#AUDITING#

Regarding the collapse of Dick Smith Australia, what could be two key accounts and their corresponding key assertions that the auditor might select as priorities in their audit plan? The following online news provide relevant information about its collapse.

http://www.afr.com/business/accounting/dick-smith-leaders-accused-of-inflating-profits-to-meet-expectations-20160710-gq2tjv

http://www.smh.com.au/business/retail/dick-smith-collapse-raises-more-questions-for-accounting-profession-20160721-gqagz5.html