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State about the Audit plan contents
1. Report requirements and terms of reference.
2. A review of business and financial position, reviewing why changes had occurred in current year.
3. Calculations for levels of materiality.
4. Risk areas highlighted including assessment of internal controls.
5. detailing overall audit approach (substantive or compliance) including deadlines andtiming.
6. A budget for time estimated for each staff member.
7.Staffing levels and request for any specialists i.e. computer based control assurance staff.
8. Reviewed and approved by manager.
9. Distribute audit plan to all staff on the audit.
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Hi can someone help me with my assignment also understand it in order for me to do the voice thread and answer all questions that might confront me.
TIME VALUE OF MONEY Time value of money can be described as the value of a unit of money at different time periods. It involves that the value of a unit of money is not same
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