Reference no: EM132103340
Questions: Please answer ALL Questions after fully reading the RPL case study.
1. RPL is a new client to your firm. As the audit senior for Rogers & Brown, leadingthe audit team of RPL for the first time, discuss factors that will influence your:
• Client Acceptance
• Preliminary risk assessment
• Preliminary materiality calculation
• Audit Planning
2. Review the initial fundamentals of the business (Appendix pages A1 to A3), analyse the financial information identify FOUR specific types of businessrisksthat are involved in RPL, and how you (as senior auditors of RPL) will response to these identified risks.
3. Internal controls are a vital aspect of any company. Please review the RPL Case Study(Appendix, pages A1 to A13) and discuss the following:
a. Identify THREE control strengths and THREE control weaknesses
b. How the identified control strengths and control weaknesses may influence the effectiveness of the control environment
c. What control tests would be applicable for each control strength?
Information related to above question is enclosed below:
Attachment:- Case.rar
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