a. Describe substantive procedure the auditor should perform to obtain sufficient and appropriate audit evidence in relation Danube Co’s land and building. b. Describe the procedures the auditor should perform in relation to the exceptions noted during the trade receivables circulation in respect of Nile Co and Congo Co. ( marks will be split equally between each customer)
c. Describe substantive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to the PROVISION and RECEIVABLE arising from the sale of defective goods. d. The audit engagement partner has determined that the issue relating to the provision and receivables arising from the sale of defective goods should be communicated as a key audit matter (KAM), in accordance with ISA 701 communicating Key Audit Matters in the Independent Auditor’s Report.
i. Describe the factors which the audit engagement partner would have considered in determining xthat this issue is a KAM; and ii. Describe the content of the KAM section of the auditor’s report for Danube Co.