Assertion Test and Audit for Schrole Group Ltd

Assertion test and audit
an assurance of group ltd
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Introduction
This presentation emphasises upon the
financial performance, audit and assurance
and material account balance of company.
Opinion certain audit procedures are required
to be done on the part of the auditor.
Key assets and liabilities have been asserted
in the audit and assurance program to
determine true and fair view of assets.
The company chosen for preparation of
report is Schrole Group Ltd (Schrole Group
Ltd, 2018).

ANALYTICAL PROCEDURES
USING RATIOS
Analytical procedures are being
performed by the auditors as per
the ASA 520.
Schrole Group Ltd has lower
down its liquidity by divesting its
investment in currents assets.
Profitability of company has also
decreased (Heikal, Khaddafi, &
Ummah, (2014).

PLANNING MATERIALITY
For Materiality, the balance among
the revenue, expenses, equity,
net asset value, or the net
income which is lease volatile
gets selected.
This table shows the materiality
test of the undertaken project
(Delen, Kuzey, & Uyar, 2013).