Describe the audit procedure would perform

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Problem 1: Explain how the results of your analytical procedures in 2) influence your planning decisions for the audit of the company.

Problem 2: From the financial statements of your allocated entity, select two revenue and two expense item from the Statement of Profit or Loss and Other Comprehensive Income, two asset and two liability items and one item from the equity section of the Statement of Financial Position.

For the nine selected items:

a) Identify the key assertion(s) at risk in relation to the balances described for each of these nine selected items in the financial report.

b) Describe the audit procedure(s) you would perform to gather sufficient appropriate audit evidence on each of these assertions to ascertain the fairness of the value of each of these nine items stated in the financial report.

Reference no: EM132660577

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