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Scenario 1 Ali and Kamath Audit firm has accepted the contract of being the Statutory Auditor of Star Wells LLC, a company with a turnover
Scenario 1 Ali and Kamath Audit firm has accepted the contract of being the Statutory Auditor of Star Wells LLC, a company with a turnover of RO 300 million. During the tenure of Audit, Ali and Kamath had access to books, minutes and records, attended meetings and had meetings with the Star Wells management. The entire audit process was smooth, and the auditors of Ali and Kamath had collected evidences to finalize their opinion in the Audit report. Requirement From the above scenario, a. Specify the characteristics that determine the persuasiveness of evidence (5 marks) b. Appraise various types of Audit evidence that Ali and Kamath audit firm would have deployed (15 marks) c. From the above information, what would be the type of opinion that would be appropriate for Star Wells LLC
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