CASE STUDY

You are a part of the team responsible for planning the Land & Homes Group (ASX code - LHM), a property development company, audit engagement for 2020. You are required to gather relevant background information and make a report for a meeting with your audit seniors. Assume that this is the first time that the audit will be conducted by your audit firm for this client. Your report must address the following issues:

QUESTIONS

You also need to identify the key assertion at risk for each identified account. (SHORT ANSWERS ONLY)

1)Cash accounts

2)Accounts receivable

3) Inventory