Act380

Auditing & Assurance

Case: 11.16
page: 527

Name: Raffat Arefin Khan

ID:1611270030
 About Case

Crimson Star Ltd

Expanding business For rapid increment

Australian Listed company locally and globally Account receivable and
retail electronic equipment (particular focus on Japan Inventories have
and German) increased considerably
 Required to do

Explain the Auditing Procedure that auditor would

undertake to obtain the necessary assurance that all
subsequent events have been identified and
considered before completion and signing of the
auditors report
 Auditor position

Date directors
Approve financial Date Auditors Date financial
Balance Date report report is signed report is issued

Obtain evidence about respond to new facts

subsequent events
 Procedures

Enquring Read new

Reading board interim
meeting
meeting minutes financial
menus
reports

Provide information about the matters occuring after balance date

Review the sales volumes and sales price, cash received from receivable
and balance date

For inventory
For receivable
Help to identify obsolance
Help to find out doubt ful
inventory
debts
 Enquires of the Directors and management

Solicitors
Proper Reviewing
Accounting concerning
accounting managerial
polices legal
records procedures
matters
Review the industry development
Thanks!