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Comment on whether the audit assistant has obtained

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Question - You are the audit senior on Trial-N-Tested Pte Ltd and have just been given the audit file to review by your audit assistant. The following information has been obtained from reading the audit file and discussing with the assistant:

Entertainment expenses are significant, although only 50% of last year's balance. The audit assistant selected a large sample of entertainment expense entries from the ledger and agreed them to supporting documents. No errors were found and he concluded that entertainment expenses account was reasonable.

Required - Comment on whether the audit assistant has obtained sufficient appropriate audit evidence. If you believe sufficient appropriate audit evidence has not been obtained, indicate one (1) audit procedure which should have been performed by the assistant.

Reference no: EM132626322

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