ACC321: Auditing Assignment Help - Accounting Assignment

Auditing Assignment Help

1. Complete an analytical review using the trial balance,
2. Make a preliminary judgement of materiality,
3. Use the analytical review and materiality assessment to identify accounts that are at-risk of material misstatement.
4. Consider whether there are any accounts that should be selected regardless of their quantitative materiality, including: o At least one account that may be at-risk of fraud, and o At least one account that may require significant audit attention for qualitative reasons other than fraud-risk.
5. Provide a brief rationale for the selection of each of the 6 accounts.
6. For each account that you have selected, identify one assertions that is at risk (i.e. identify 6 assertions in total). Please include an explanation as to why the assertions are at risk.
7. For each account/assertion briefly explain an audit procedure that could provide evidence relevant to the assertion.