Question
b.Identify five deficiencies or weaknesses in the following audit report. Audit report To the management of XYZ Ltd We have audited the financial report of
b.Identify five deficiencies or weaknesses in the following audit report.
Audit report
To the management of XYZ Ltd
We have audited the financial report of XYZ ltd for the year ended on 30 june 2020
c. Identify FIVE deficiencies or weaknesses in the following audit report. (10 marks)
Auditor's opinion
In our opinion, the financial report presents fairly in accordance with Australian
Accounting Standards the financial position of XYZ Ltd and its performance.
Willie Ticket
A partner of the firm
CA Partners
Sydney NSW
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
538476230, 978-0538476232
