Question 1BAnswer for (i) B. For each of the following independent scenario, discuss the issue and describe the impacton the audit report:i. During the audit, the team discovers that one of the five development projects, valued atRM880,000 and included as intangible assets, does not meet the criteria forcapitalisation. The finance director does not intend to change the accounting treatmentadopted as she considers this an immaterial amount.

Answered: Question 1B Answer for (i)

Business

Accounting

Question 1B Answer for (i)

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

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 8CYBK

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