Question
Hello, I need your help with preparing an audit planning memo for a well known family own bakery chain shop. Could you please provide me
Hello,
I need your help with preparing an audit planning memo for a well known family own bakery chain shop. Could you please provide me with a step by step demo or a sample of an audit planning memo?
Thank you,
Scenario:
An auditor has asked to prepare a audit planning memo for a family own bakery shop.
Should consider the following:
- Risk assessment for the engagement: high, medium or low, why? Please provide identify four key risks and why/how they would increase or decrease risk.
- Approach for the engagement: substantive approach, controls
-based approach or combined
- Materiality for the engagement: what would you choose as a base and why? What factor would you use and why?
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