This report focuses on completing the audit program of Trunkey Creep Wines, evaluating business risks through ratio analysis, identifying weaknesses in internal control systems, and recommending audit steps to mitigate risks.

Assessment item 3 Case B - Report

Prepare an audit plan for Trunkey Creek Wines Limited for the year ended 30 June 2018.

Audit program for Trunkey Creep Wines, assessing risks, internal control weaknesses, and suggesting mitigation steps.

Auditing Theory and Practice: Analysis of Audit Risks and Business Risks

Auditing Theory and Practice: Analysis of Audit Risks and Business Risks of Trunkey Creep Wines

The report is prepared based on the information that has been gained from the given case study on Trunkey Creek Wines that has the principals’ activities of engaging in distribution and production of wines, grapes and beef. The audit plan has been prepared with the help of assistance of an auditing firm that is Miller Yates Howarth. It is required by the auditors to make assessments of different accounts such as accounts receivable, property assets, marketing expenses and investments. Analysis of various audit risks has been done by employing ratio analysis tool.

Hartpury University and Hartpury College

Auditing Theory and Practice for Trunkey Creek Wines

This report evaluates the effectiveness of a system of internal control of the audit clients of MYH. It analyses the audit risks associated with TCW and uses business risks faced by TCW. The report also identifies weaknesses in the internal control system related to accounts payable and purchase accounts.

Finance

Evaluation of Internal Control System of Audit Clients of MYH

Contemporary World

This report seeks to analyze and discuss various areas and accounts with regard to the audit of Trunkey Creek Wines (TCW) Limited. These are investments, accounts receivable, marketing expense and property assets. After analyzing the ratios and additional information, it has been noted that there are several business risks faced by Trunkey Creek Wines (TCW) Limited. These are strategic risk, compliance risk, operational risk, financial risk and technological risk.

National University (Philippines)

Audit Report to Managing Partner, John Richards

The current report presents analysis of overall efficacies of system and mechanisms of internal control of one of the clients of audit of the firm Miller Yates Howarth (abbreviated as MYH). The study at hand undertakes thorough appraisal of available facts as well as figures on the business case study under consideration that in turn help in carrying out effectual audit planning of the firm.

Auditing and Assurance in Australia

This report analyses the internal control measures being maintained by Turnkey Creek Wines (TCW) and highlights the potential audit risks and ways to reduce them. It includes a detailed audit plan incorporating the possible audit risks, the audit procedures to be undertaken, and the appropriateness and sufficiency of the internal controls being maintained by the entity TCW.

Business Development

Audit Planning for Turnkey Creek Wines: Analysis of Internal Controls and Audit Risks

This report emphasizes the importance of audit planning and control for Trunkey Creek Wines Limited. It includes ratio analysis, business risks, and internal control mechanisms.

Auditing Theory and Practice: Analysis of Audit Risks and Business Risks of Trunkey Creep Wines

Auditing Theory and Practice for Trunkey Creek Wineslg...

Evaluation of Internal Control System of Audit Clients of MYHlg...

Audit Report to Managing Partner, John Richardslg...

Auditing and Assurance in Australialg...

Audit Planning for Turnkey Creek Wines: Analysis of Internal Controls and Audit Riskslg...

Audit Planning and Control: Trunkey Creek Wines Limitedlg...

Auditing Theory and Practice for Trunkey Creek Wines

Evaluation of Internal Control System of Audit Clients of MYH

Audit Report to Managing Partner, John Richards

Auditing and Assurance in Australia

Audit Planning for Turnkey Creek Wines: Analysis of Internal Controls and Audit Risks

Audit Planning and Control: Trunkey Creek Wines Limited