3 Pages 833 Words Audit And Assurance

| March 17, 2019

You are an Audit Manager working for Tick and Bash, a firm of accountants.  You have just been assigned to the external audit of Kent Rural Development Trust, a not for profit organisation with a turnover of £40 million per annum.
Your tasks
1. Read Attachment A and:
(a)    prepare a draft external audit plan for the year ending 31 December 2017 for presentation to the Audit Committee; and
(b)    prepare a memorandum to the Audit Partner detailing further work that should be completed before the external audit plan for the year ending 31 December 2017 is finalised.
2. Read Attachment B and prepare a short presentation to the Trust’s Audit Committee, including speaking notes, explaining the concept of materiality and its application.

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