Dawson Co’s computerised wages program is backed up daily, however for a period of 3 months the wages records and the back-ups have been corrupted, and therefore cannot be accessed. Wages and salaries for these 3 months are $32m. Profit before tax is $200m. Reproduce a standard audit report to give your views on this situation. *Report to be prepared as per ACCA format.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dawson Co’s computerised wages program is backed up daily, however for a period of 3 months the wages records and the back-ups have been corrupted, and therefore cannot be accessed. Wages and salaries for these 3 months are $32m. Profit before tax is $200m.

Reproduce a standard audit report to give your views on this situation.

*Report to be prepared as per ACCA format.

 

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