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Answered

Task:

Background

For the purposes of this assignment, you are to imagine that you work as an Audit Manager for a company called Amazing Accountants. Your new audit client is Accent Group Limited, a listed company in Australian Stock Exchange. The client has asked you to perform their financial report audit for the financial year ended 31 December 2020. You will perform your audit for this client in all parts of this assignment. 

Question 1 

Identify or assume TWO (2) high level/detective internal controls and propose a control test for each control in ANY of the following processes.

Cash receipt and payment

Sales and accounts receivables

Purchase and accounts payables

Inventory and Cost of goods sold

Payrolls

Non-current assets and Depreciation

ACCT1056 Auditing Assignment

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Case Study Of BlueScope Steel Limited

Running head: AUDITING & ASSURANCE SERVICES Auditing & Assurance Services Name of the Student Name of the University Author ’sNote 1 AUDITING & ASSURANCE SERVICES Table of Contents Executive Summary ....................................................................................... ...

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11218 Auditing

An auditor seeks to select the best market approach for the materiality threshold. The auditor studies Gutierrez et al.'s (2018) investigation into the effects of the materiality threshold on audit quality and decides that this approach is best practice. The auditor decides to use this approach for ...

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ACC304 Auditing and Assurance

Task: The assignment is to be completed individually. The successful completion of this assignment requires research on IAG’s internal and external environments, operations and analysis of the 2020 annual report.  Presentation Requirements: 1. A title page containing the title of ...

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200535 Auditing and Assurance Services

Question: Planning and delivering the audit You are one of two partners at Diligence Chartered Accountants, a small, specialist audit firm based in the Central West of NSW with clients in the aged care, retail, tourism, agri-business, local government, community banking, and education sectors. It' ...

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