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ACCM 4400 Auditing and Assurance Assignment (Solution)

   

Added on  2020-05-28

8 Pages1136 Words48 Views
AUDITING AND ASSURANCEAuditing and AssuranceName of the StudentName of the UniversityAuthors NoteCourse ID
ACCM 4400 Auditing and Assurance Assignment (Solution)_1
1AUDITING AND ASSURANCETable of ContentsAnswer to Part 1A and 1B.........................................................................................................0References..................................................................................................................................0
ACCM 4400 Auditing and Assurance Assignment (Solution)_2
Answer to Part 1A and 1BInherent RiskJustification of AnswerAssertion and LedgerAudit Procedure/TaskAccount(s) ImpactedCredit RiskBased on the depictions of the annual report of CBALtd. published in 2017, the risk factors for the bankis observed where counter party may default inadhering to the terms of agreement. These factorsinclude “unsteady income, low credit score,employment type and collateral assets” (Li,Simunic and Ye 2017). The ledger accounts affected areseen with public borrowings andaccounts considered with liabilities.The audit process needs toprevent the existence of such arisk based on the increasing rateof the borrower’s interest.
ACCM 4400 Auditing and Assurance Assignment (Solution)_3

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