Question: in the examination of which of the following general ledger...
In the examination of which of the following general ledger accounts will tests of controls be particularly appropriate?
Which of the following is not an assurance engagement?
A review of historical financial information
An audit of the effectiveness of internal control
A consulting engagement to help an organisation meet its tax obligations
A performance audit
An auditor most likely would make enquiries of production and sales personnel concerning possible obsolete or slow-moving inventory to support management's account balance assertion of
rights and obligations
accuracy, valuation and allocation
Following is a list of engagements that an assurance provider may undertake:
I) compiling financial reports
II) agreed-upon procedures
III) review of interim financial information
For which of these engagements is assurance not provided?
I and II only
Mango Ltd.’s directors voted immediately after the year-end of 30 June 2020 to triple its advertising budget for the coming year and authorised a change in advertising agencies. What is the effect of this event on the 30 June 2020 financial report?
Disclosure by means of supplemental, pro-forma financial information
Disclosure in a footnote to the financial report.
No disclosure or adjustment necessary
Adjustment of the financial report