For each of the following independent cases identify:

-Key audit matters (Auditor’s main Concerns).

-Effects on the auditor’s procedures, & Auditor’s appropriate responses.

-Effects on the auditor’s opinion.

You are expected to make appropriate:

assumptions, explanations & Justifications

1-Due to Covid 19 Circumstances, the client “Auditee” Suffer from a major decline on sales for the current year.

2- The balance of Accounts Receivable for current year is substantially higher than the balance of previous years.

3- The auditor discovers client’s tax evasion.

4- The auditor was not able to confirm the balance of a major vendor of the client due to judicial dispute between the client and the vendor.

5- A fraudulent act was committed by an employee of the client.

6- The Client’s Internal Control is ineffective.

7- Management refused to write down the ending inventory as asked by the auditor.