QUESTION 1 You just got an internship at City Auditors Pty Ltd as an intern auditor. Your company secured a tender to audit PJ fashions, a small clothing shop in town. Due to its size and the volume of their sales, City Auditors assigned your supervisor and you to audit the new client. You did all that needs to be done from understanding the business and the industry and all the preparation before starting the audit which is suppose to take one week. You started with the audit and everything is going smoothly until the last day. You agreed with your supervisor that you document your findings the following day after the audit. As you reached the office, your supervisor received a call that there is a family emergency that he has to attend for a week. He has politely asked you to draft the report and that you should take it to the senior audit to sign it off before presenting it to your client. List and describe five (5) items you will include in the report and their importance. Mentioning the items, Description and Importance
QUESTION 1 You just got an internship at City Auditors Pty Ltd as an intern auditor. Your company secured a tender to audit PJ fashions, a small clothing shop in town. Due to its size and the volume of their sales, City Auditors assigned your supervisor and you to audit the new client. You did all that needs to be done from understanding the business and the industry and all the preparation before starting the audit which is suppose to take one week. You started with the audit and everything is going smoothly until the last day. You agreed with your supervisor that you document your findings the following day after the audit. As you reached the office, your supervisor received a call that there is a family emergency that he has to attend for a week. He has politely asked you to draft the report and that you should take it to the senior audit to sign it off before presenting it to your client. List and describe five (5) items you will include in the report and their importance. Mentioning the items, Description and Importance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 1
You just got an internship at City Auditors Pty Ltd as an intern auditor. Your company secured a tender to audit PJ fashions, a small clothing shop in town. Due to its size and the volume of their sales, City Auditors assigned your supervisor and you to audit the new client. You did all that needs to be done from understanding the business and the industry and all the preparation before starting the audit which is suppose to take one week.
You started with the audit and everything is going smoothly until the last day. You agreed with your supervisor that you document your findings the following day after the audit. As you reached the office, your supervisor received a call that there is a family emergency that he has to attend for a week. He has politely asked you to draft the report and that you should take it to the senior audit to sign it off before presenting it to your client.
List and describe five (5) items you will include in the report and their importance.
Mentioning the items, Description and Importance
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