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choosing company is? Woolworths limited . Assuming that going concern is not an issue, identify two (2) key asset accounts at risk. This will be

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. Assuming that going concern is not an issue, identify two (2) key asset accounts at risk. This will be from the Statement of Financial Position (Balance Sheet) 2. For EACH of the two asset accounts identified above: Provide a brief explanation as to why the asset account is at risk; List the key assertion (as per ASA315) where the audit effort should be concentrated; and Describe one substantive test of detail you would perform to gather sufficient appropriate evidence in relation to the assertion identified in b. above. a. b. c. 3. Identify one Statement of Comprehensive Income Income Statement) expense account at risk, which is unrelated to the asset accounts identified in 1 above. Provide a brief explanation of why it is at risk and list the key assertion (as per ASA315) at risk. Use the following template for Parts 1 & 2: 2(b) 1. Asset Account Explanation of whv Kev Assertion the account is at risk Identify ONLY one 2(c). Substantive test of detail assertion that you consider to be the most important for each asset account) Use the following template for Part 3 Key Assertion (Identify ONLY one assertion that most important for the expense account Expense Explanation why a risk account you consider to be the . Assuming that going concern is not an issue, identify two (2) key asset accounts at risk. This will be from the Statement of Financial Position (Balance Sheet) 2. For EACH of the two asset accounts identified above: Provide a brief explanation as to why the asset account is at risk; List the key assertion (as per ASA315) where the audit effort should be concentrated; and Describe one substantive test of detail you would perform to gather sufficient appropriate evidence in relation to the assertion identified in b. above. a. b. c. 3. Identify one Statement of Comprehensive Income Income Statement) expense account at risk, which is unrelated to the asset accounts identified in 1 above. Provide a brief explanation of why it is at risk and list the key assertion (as per ASA315) at risk. Use the following template for Parts 1 & 2: 2(b) 1. Asset Account Explanation of whv Kev Assertion the account is at risk Identify ONLY one 2(c). Substantive test of detail assertion that you consider to be the most important for each asset account) Use the following template for Part 3 Key Assertion (Identify ONLY one assertion that most important for the expense account Expense Explanation why a risk account you consider to be the

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