Auditing Assignment
Required in the LMS Space, type answers to the following. Clearly label your answers as Question 1, Question 2, Question 3:
1) What kind of assurance engagement is the auditor likely to undertake? Justify your answer (5 marks)
2) What are the various actions the auditor can take to minimise threats to independence and any relevant audit risks given the case facts above? (10 marks)
3) What are the two most riskiest accounts given the above case facts? Design audit procedures to test the riskiest accounts and state which assertions are dealt with by each. (15 marks)