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Auditing and Assurance: ASA 701 and Key Audit Matters in Utility Industry - Desklib

   

Added on  2022-11-16

13 Pages2709 Words323 Views
Running head: Auditing and Assurance
Auditing and Assurance
Name of the Student
Name of the University
Author Note

1Auditing and Assurance
Executive Summary
The report is having the details of how the auditor has lost their place in the society as
because of collapse of Lehman Brothers case. It shows the ASA 701 details and how it helps
the auditor in regards of it auditing process. It also has key audit matter of the companies
related to utility industries.

2Auditing and Assurance
Table of Contents
Introduction................................................................................................................................3
ASA 701: Rationales..................................................................................................................4
ASA 701: Explanation...............................................................................................................5
Key Auditing Matter of the Company.......................................................................................5
Carnegie Clean Energy Ltd:...................................................................................................5
AGL Energy Ltd:...................................................................................................................6
Ausnet Services Ltd:..............................................................................................................7
APA Group:...........................................................................................................................7
Conclusion and recommendations.............................................................................................8
Reference..................................................................................................................................10

3Auditing and Assurance

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