This article discusses the issues in auditing practice, including materiality level, analytical review, trend analysis, audit procedures, and fraud risk. It also provides a detailed analysis of Chestnut Enterprise's financial statements.

ACC621 Assignment

The assignment is an individual work, not a group assignment. It requires complete referencing using Harvard referencing style. The assignment should be submitted electronically via Safe Assignment on the course Blackboard site. Late penalties will be applied for assignments submitted after 5pm on the due date without an approved extension. The assignment is a business report template with specific sections and headings.

Auditing issues and Chestnut Enterprise's financial statements analyzed in detail.

Issues in Auditing Practice - Desklib

Issues in Auditing Practice

This document discusses the risk of material misstatements in the financial statements of Cochlear Limited by conducting analytical procedures on the financial information of the company. It also verifies whether the accounting information compiled by Cochlear Limited is in accordance with the AASBs.

Hartpury University and Hartpury College

Data Science and Big Data

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statements

This report highlights the major steps in audit planning for small entities, including materiality determination and preliminary analytical review. It also suggests audit procedures for critical accounts such as sales, interest expenses, and depreciation. Fraud risk analysis is recommended for all clients, including trustworthy ones.

Audit Planning for Small Entities: Steps, Materiality and Analytical Review

This document discusses audit procedures of certain account balances and transactions after evaluating the balances provided in the Trial Balance of Chestnut Enterprises. The materiality level for the audit of the organization is also discussed. The analytical review reveals that the operating margin of the enterprises has improved significantly in the 6 months ending period in December, 2016. However, the repairing and maintenance expenditures seem to have been misstated in the period. Finally, the suggestion given by the audit partner for not verifying the risk of fraud in the audit is not correct.

Audit and Professional Ethics

This article discusses the use of analytical and substantive procedures in auditing and assurance in Australia. It explains how to identify possible material misstatements in financial reports of an entity. The article also provides a case study of IDP Education Limited to demonstrate the use of analytical and substantive procedures. The conclusion of the article is that the financial statements of the company have been prepared in accordance with the applicable accounting standards and show the true and fair picture of the company.

Auditing and Assurance in Australia

This is an auditing and professional practice assignment prepared for the audit senior of the firm. The preliminary trial balance of the client has been analysed to know what are the critical accounts and areas that are likely to catch audit attention and which are significant from perspective of audit. The report includes quantitative estimate of materiality, analytical review, key audit procedures, fraud risk analysis and recommendations. The subject is auditing and professional practice and the course code and college/university are not mentioned.

Auditing and Professional Practice Assignment

This article provides an analysis and discussion on auditing and assurance. It includes a trial balance of Amazonite Enterprises, materiality assessment, trend analysis of income statement, audit assertions, and recommendations.

Issues in Auditing Practice

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statementslg...

Audit Planning for Small Entities: Steps, Materiality and Analytical Reviewlg...

Audit and Professional Ethicslg...

Auditing and Assurance in Australialg...

Auditing and Professional Practice Assignmentlg...

Auditing and Assurance: Analysis and Discussionlg...

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statements

Audit Planning for Small Entities: Steps, Materiality and Analytical Review

Audit and Professional Ethics

Auditing and Assurance in Australia

Auditing and Professional Practice Assignment

Auditing and Assurance: Analysis and Discussion