Question
What type of audit report would you prepare for the following situations? a. An auditor is engaged in the examination of the financial report of
What type of audit report would you prepare for the following situations?
a. An auditor is engaged in the examination of the financial report of a large company with branch offices in many cities. The auditor was not able to count the substantial un-deposited cash receipts at the close of business on the last day of the fiscal year at all branch offices.
b. An audit client is a retail company whose inventory makes up 70 per cent of total assets. You have doubts about the integrity of the stocktake of inventory. Management will not permit the stock to be recounted. Discuss your reporting options.
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