Complete part (A) of the homework as instructed. Which assertions are most likely to be misstated?
New part (B): For each assertion in part (a), identify the audit procedure you would use to collect persuasive evidence. Try and be as specific as possiblem don't just say "documentary" for example, tell me exactly what sort of document would you be looking at?
(a) They are asking for the TYPES of evidence here - documentary, computational etc
(b) I'd have a read of ASA520 - it could be helpful 5.35 Instead of applying ASA 600, use ASA 610 for this question. When would we decide not to use the work of the internal auditor?