You are the audit senior on the audit engagement of Brown’s Farm Produce. You have assigned the role of identifying subsequent events for this audit client to Brian Peters who is Senior Associate with your firm. This is his first subsequent events review. The following information pertains to the audit engagement of Brown’s Farm Produce. i) Detailed audit work was completed on Thursday 5 December 1997 ii) The proposed audit report sign date is Friday 19 December 1997 iii) It is proposed that the financial statements be sent to the shareholders on Tuesday 6 January 1998 and iv) Brown’s Farm Produce will have their AGM on Wednesday 28 January 1998. Design three audit procedures which can be used to examine subsequent reviews. This should be related to the audit engagement of Brown’s Farm Produce.
You are the audit senior on the audit engagement of Brown’s Farm Produce. You have assigned the role of identifying subsequent events for this audit client to Brian Peters who is Senior Associate with your firm. This is his first subsequent events review. The following information pertains to the audit engagement of Brown’s Farm Produce.
i) Detailed audit work was completed on Thursday 5 December
1997
ii) The proposed audit report sign date is Friday 19 December 1997
iii) It is proposed that the financial statements be sent to the shareholders on Tuesday 6 January 1998 and
iv) Brown’s Farm Produce will have their AGM on Wednesday 28 January 1998.
Design three
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