Audit Plan for Chartreuse Enterprises: Materiality, Analytical Review, and Fraud Risk Analysis

Auditing and
Professional Practice
Assignment

1
By student name
Professor
University
Date: 25 April 2018.
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Contents
Introduction.................................................................................................................................................3
Discussion and Analysis...............................................................................................................................4
Conclusion & Recommendation..................................................................................................................9
References.................................................................................................................................................11
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Introduction
In the given case, an audit is to be conducted for one of the small client named Chartreuse
Enterprises and hence the audit partner of the company has requested the audit assistant to
prepare an audit plan for the same based on the trial balance of the client given below. The Trail
balance is to be studied and the significant audit accounts which need immediate attention and
checking needs to be highlighted. In the report below, the materiality to be taken for the audit of
the client has been revisited and calculated (Goldmann, 2016). The preliminary analytical review
of the company has been done and trend analysis has been done to find out the risk of material
misstatement and a brief justification has been provided as to why these accounts are eligible for
audit testing. The audit procedure that would be required in each of the above cases to find out
audit evidences has also been mentioned. Finally, the fraud risk analysis of the client has been
done based on the analytical review.
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