Key notes from review of director meeting minutes 3.12/03/19The directors noted that they will engage a property valuer to assess the fair value of the Group’s investment properties at 30 June 2019. Explain what audit significance this matter would have, and two actions they should take to address it.

As per the review of the director, the auditors will consider it as a going concern problem as if…

Answered: Key notes from review of director…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 17CYBK

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	Key notes from review of director meeting minutes


3.	12/03/19	The directors noted that they will engage a property valuer to assess the fair value of the Group’s investment properties at 30 June 2019.

Explain what audit significance this matter would have, and two actions they should take to address it.

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