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Question 3: (25 marks) Assume that you have been assigned to audit Wasan Food Company. You have completed the procedures of gathering information about the
Question 3: (25 marks)
Assume that you have been assigned to audit Wasan Food Company. You have completed the procedures of gathering information about the company and its environment, including internal control.
- Describe the next stage of the audit process. (10 marks)
- Explain how the auditors may respond to high-risk audit engagements and high-risk audit assertions. (5 marks)
Describe the nature of further audit procedures, including when the procedures should include tests of control. (10 marks)
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