S1 2019 ACC30010: Audit Plan for Reliable Printers Ltd

This assignment is an audit plan for Reliable Printers Ltd (RPL), prepared by a student as part of the ACC30010 Auditing course. The plan covers the financial year ended June 30, 2018, and addresses key areas such as inventory and purchases, revenues and receivables (including e-book revenue), cash receipts, fixed assets, and finance. The audit team consists of two senior auditors and three assistant auditors, and the plan outlines the nature of the audit procedures, referencing ASA 300. Specific audit procedures are detailed for inventory valuation, revenue recognition, and the evaluation of the new IT system and its impact on financial reporting. The assignment also considers the impact of a new CEO and internal audit team. The report incorporates references to relevant accounting standards and provides a comprehensive overview of the audit process, including risk assessment, audit procedures and reporting.