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Describe substantive procedure the auditor should perform to obtain sufficient and appropriate audit evidence in relation Danube Cos land and building. (5) Describe the procedures
- Describe substantive procedure the auditor should perform to obtain sufficient and appropriate audit evidence in relation Danube Cos land and building. (5)
- Describe the procedures the auditor should perform in relation to the exceptions noted during the trade receivables circulation in respect of Nile Co and Congo Co. ( marks will be split equally between each customer) (5)
- Describe substantive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to the PROVISION and RECEIVABLE arising from the sale of defective goods. (5)
- The audit engagement partner has determined that the issue relating to the provision and receivables arising from the sale of defective goods should be communicated as a key audit matter (KAM), in accordance with ISA 701 communicating Key Audit Matters in the Independent Auditors Report.
- Describe the factors which the audit engagement partner would have considered in determining xthat this issue is a KAM; and (5)
- Describe the content of the KAM section of the auditors report for Danube Co. (5)
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