Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the partner responsible for the audit of Nyamenehene Ltd. for the year ended 31 st December, 2017. The final audit has been completed

  1. You are the partner responsible for the audit of Nyamenehene Ltd. for the year ended 31st December, 2017. The final audit has been completed and you have asked the audit manager to draft the audit report. The manager is aware that there is guidance for auditors relating audit of report ISA 706 Emphasis of matter paragraph and other matters paragraphs in the independent audit Report. The manager has asked for your assistance in this matter.

Required:

Define an Emphasis of matter paragraph and explain, providing examples, the use of such paragraph. (15 marks)

Define an other matter paragraph and explain, providing examples, the use of such paragraph.

(15 marks)

  1. You have just finished auditing the accounts of Sunkwa ltd. and you have been assigned to carry out tax investigations ofBrightway limited a private company with husband(chief executive officer) the wife(General Manager) and the Son (financial controller) as the major shareholders. The investigation is at the request of the commissioner General of Ghana Revenue Authority.

Required:

Outline the procedures you will follow to carry out the tax investigations required by the commissioner General of Ghana revenue authority. (20 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control A Managers Journey

Authors: K. H. Spencer Pickett

1st Edition

0471402508, 978-0471402503

More Books

Students also viewed these Accounting questions

Question

What is management growth? What are its factors

Answered: 1 week ago