ACC300 Auditing and Assurance - Task Part A

TASK PART A: AUDITING AND ASSURANCE [15 Marks]

You are the manager of AWC Chartered Accountants. Your firm has recently been engaged as external auditor of Abundant Produce Limited 28 September 2019 to audit the company’s financial report of the year ending 30 June 2020. The engagement partner called you in his office on 1 October 2019 and gave you complete audited financial report of Abundant Produce Limited for the year ended 30 June 2019, and asked you to complete the following preliminary planning tasks and report to him on 1 November 2019:

You are therefore required to prepare a written report

1. listing and explaining five important facts about the Abundant Produce Limited, its management and previous auditors [5 Marks];
2. critically reviewing company’s history on five main aspects of performance and financial position [5 Marks]; and
3. discussing five main matters that are required to be addressed for planning the audit for the year ending 30 June 2020 [5 Marks].