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QUESTION 2 You are the audit manager working at Telson 8: Associates on the audit of Big Blue Marina Pty Ltd (BBM) for the year

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QUESTION 2 You are the audit manager working at Telson 8: Associates on the audit of Big Blue Marina Pty Ltd (BBM) for the year ending 30 June 2015. REM owns and operates a marina business that offers berthing services for privately owned luxury yachts. The marina houses approximately 90 boats at any one time. In addition to berthing services, BBM also offers its customers cleaning, refuelling and catering services. Invoices for such services rendered by BBM are payable within 30 days. The catering service is outsourced to a related party, 'Tastes of the Sea\

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