Question
Q no1 part A. You are running an audit firm at muscat and you are appointed as the auditor of Assarain Furnishing LLC, which is
Q no1 part A. You are running an audit firm at muscat and you are appointed as the auditor of Assarain Furnishing LLC, which is a leading supplyier of furnitures across the Gulf. You are provided with its financial statement for the year 2021 for conducting audit. Answer the following questions based on the same. i) Discuss the procedures to be followed by you at the time of examining the evidences? (3 Marks) ii) How can you ensure the reliability of audit evidences? part B. Nafal Contracting and Trading Co. LLC is providing specialized services in the field of building, concrete repair, corrosion protection, insulation work and the supply and erection of scaffolding. The company management approached you to assess the effectiveness of the internal control system. i)What will be the objectives of assessing the internal control system of the company? (3 Marks) ii)Discuss steps you will follow to assess the internal control system of the company?
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