Mantra Company The audit of a material provision was performed by the audit junior as the audit manager was too busy finishing off work for the previous client on which they had been working. Nuna Company The planning section of the file has not been completed. The audit procedures performed were copied over from the previous year’s file and the same approach and sample sizes have been used to conduct this year’s audit. You are required to: Describe the quality control issues arising from each of the findings
Mantra Company The audit of a material provision was performed by the audit junior as the audit manager was too busy finishing off work for the previous client on which they had been working. Nuna Company The planning section of the file has not been completed. The audit procedures performed were copied over from the previous year’s file and the same approach and sample sizes have been used to conduct this year’s audit. You are required to: Describe the quality control issues arising from each of the findings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mantra Company
The audit of a material provision was performed by the audit junior as the audit manager
was too busy finishing off work for the previous client on which they had been working.
Nuna Company
The planning section of the file has not been completed. The
were copied over from the previous year’s file and the same approach and sample sizes
have been used to conduct this year’s audit.
You are required to:
Describe the quality control issues arising from each of the findings.
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