Hi6026

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Auditing

Audit, Assurance and Compliance 1. Dear Nayan, It was very great meeting you after so long time. We discussed the basics of auditing profession and you had your obvious concerns and questions about auditing. Since, you are not from this profession, so these concerns are really obvious. The most important point I would like to let you know is that it is never possible for an auditor to provide absolute assurance as to books of accounts and f…

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Audit, Assurance and Compliance

Audit, Assurance, and Compliance - Question 1 Appropriateness of Going Concern Mitigating Factors Operational indicators : The demand for the air conditioning systems manufactured by the company has declined significantly owing to changes in the preferences of customers – a lot of customers now prefer to install their own systems. This may have a significant impact on the ability…

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Audit, Assurance and Compliance

Audit, Assurance and Compliance - Week 1 i. Management accounts for the year ended 30 June 2017 In this scenario, limited assurance can be given for the accounts that pertain to the year 2017 as the company did not maintain any financial report or the audit report hence the data are missing in this scenario. The audit will be undertaken in the light of a deficit of information and hence reasonable assurance applies. ii. Transaction from …

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Auditing and Assurance

Audit, Assurance and Compliance - Week 1 As per this case study, Overseas Explorer Limited (OEL) acquired Local Proprietary Limited (Local) on June 30, 2018. Local Pty Ltd. is a small scale proprietary company and its acquisition was priced at USD 5 million on a single condition that Overseas Explorer Ltd. will be satisfied with the financial statements of the former. The CEO of the acquiring company seeks professional assurance serv…

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Audit, Assurance and Compliance

Audit, Assurance and Compliance Contents Answer to Question for Week 1 Answer to Question for Week 2 Answer to Question for Week 3 Answer to Question for Week 4 Answer to Question for Week 5 Reference Answer to Question for Week 1 There are two types are assurance engagement - One is Reasonable Assurance Engagement and the second is Limited Assurance Engagement. Under reasonable assurance engagement, the practitioner c…

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Audit, Assurance and Compliance

Audit Assurance of Komsu Air Limited(KAL) Table of Contents Question 1 Question 2 Question 3 Question 4 Question 5 References Question 1  Question 2 a) Auditor’s Expectation Installation of new system software; namely, Data Base Management System Modification in business programs and events, which can only be authorized with specific consent. It can be password protected E…

• Internal Code :
• Subject Code : HI6026
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Auditing

Principle 5: Timely and balanced disclosure: According to this principle the companies should disclose all concerning material matters to the relevant parties on time and in transparent manner. It has huge impact on companies from different perspectives. The article conducted by Safari, Mirshekary, Wise, (2015) revealed that the compliance with this principle can put the company in a position to win the trust and confidence of its investors as…