Explain and apply the different phases of the audit to practical scenarios
Explain and apply the different phases of the audit to practical scenarios
Identify and evaluate the different audit opinions that could be expressed
following the completion of an audit as they apply to different audit scenario
Questions to be answered by the team or group:
Assume that your audit team is responsible for planning the audit for the
Woolworths Group for the year ended 30 June 2017. Discuss your strategies in
relation to the questions noted below –
1. (A). Identify at least three (3) inherent risks that you would have considered for the company in
the audit planning phase and justify your answer.
(B). What audit procedures and/or tasks would you have planned to carry out in response to the
inherent risks identified by you in (A) above? See the required format for your answers below
Answer preview:
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