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use the financial statements below to answer the questions above Q1) Refer to the five year financial statement of the attached Annual report for REIZ
use the financial statements below to answer the questions above
Q1) Refer to the five year financial statement of the attached Annual report for REIZ Zambia. (a) Using the five year financial statement suggest analytical procedures that an auditor may perform. (b) Perform the analytical procedures that you have suggested in (a) above, and explain what areas appear to be risky for REIZ 2021 financial statements. (c) Explain what ledger accounts are likely to be affected? (d) For the identified risk area what procedures should the auditor perform to reduce the audit risk? FIVE YEAR FINANCIAL SUMMARY (KWACHA) STATEMENT OF COMPREIIENSIVE INCOME - ZMW STATEMENT OF FINANCIAL POSITION - ZMW Q1) Refer to the five year financial statement of the attached Annual report for REIZ Zambia. (a) Using the five year financial statement suggest analytical procedures that an auditor may perform. (b) Perform the analytical procedures that you have suggested in (a) above, and explain what areas appear to be risky for REIZ 2021 financial statements. (c) Explain what ledger accounts are likely to be affected? (d) For the identified risk area what procedures should the auditor perform to reduce the audit risk? FIVE YEAR FINANCIAL SUMMARY (KWACHA) STATEMENT OF COMPREIIENSIVE INCOME - ZMW STATEMENT OF FINANCIAL POSITION - ZMWStep by Step Solution
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