Answer: Week 1: Q1) Type of engagements required and level of assurance needed on Audit of Management accounts for the year ended 30thJune 2017 As an audit manager for OEL, my role is to show whether the management accounts for Local Pty Ltd for the year ended 30th June 2017 reflect a true and fair position of the company. Three major assurances are ordered in the increasing level of rigor. They include compilations, reviews and au...Read More
Question: Discuss about the Termination Risk and Multiple Exercises. Answer: Introduction: This assignment represents how an auditor digs in to the financial statements of the company to extract crucial information regarding the operational efficiency of the company and also the possible anomalies that are taking place in to the activities of the company(Christensen et al.,2012). In this assignment an audit report has been p...Read More
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