Explain audit procedures auditor performed to test assertion

Assignment Help Accounting Basics

Reference no: EM131970208

Question: Please read the case and precisely answer these Qs

• Identify key financial statement assertions and related audit objectives (see separate slide of PCAOB AS 15 assertions).

• Assets/revenues (overstatement risk - existence/occurrence key assertions)

• Liabilities/expenses (understatement risk - completeness key assertions)

• Consider any improper cutoff (e.g., to overstate sales, inventory, cash and understate liabilities, expenses)

• Explain audit procedures the auditor performed to test the assertions.

Information related to above question is enclosed below:

Attachment:- NewDoc2018-05-02.rar

Reference no: EM131970208

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