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You are the audit partner in charge of the interim audit at 30 June 2016 for Ashley Pty Ltd, a large manufacturing company. You were

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You are the audit partner in charge of the interim audit at 30 June 2016 for Ashley Pty Ltd, a large manufacturing company. You were the worlant per prepared by your audit team and notice the following matter listed below. The audit assistance performed tests of control on paypoll receipts.on sample of 61 items six control breaches were noted. The assistant reported: "As all the errors were immaterial and the error rate was below the critical level of 10 percent mention in the accounting Standards, no further work was performed. Controls over goods receipt can be relied upon." Required: For the scenario explain with reference to audit assertions, whether appropriate audit evidence has been obtained Yes/No. Give Reasons and indicate which audit assertion(s). If any, require more audit effort. You are the audit partner in charge of the interim audit at 30 June 2016 for Ashley Pty Ltd, a large manufacturing company. You were the worlant per prepared by your audit team and notice the following matter listed below. The audit assistance performed tests of control on paypoll receipts.on sample of 61 items six control breaches were noted. The assistant reported: "As all the errors were immaterial and the error rate was below the critical level of 10 percent mention in the accounting Standards, no further work was performed. Controls over goods receipt can be relied upon." Required: For the scenario explain with reference to audit assertions, whether appropriate audit evidence has been obtained Yes/No. Give Reasons and indicate which audit assertion(s). If any, require more audit effort

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