Audit and Assurance

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Added on 2022/11/09

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AI Summary

This report has focused on the process of identifying and explaining the key assertions on the process of auditing along with the risk that relates to the inventory of the business. It identifies and describes the substantive audit procedures which would help in mitigating the risk that has been identified in the study. The ASA 701 has been explained which mainly deals with the communicating the key audit matters in the provided report that is prepared by the appointed of the company.

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Audit and Assurance

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