auditing 2 Academic Essay

Company allocated: abbey plc uhYou will be allocated a company quoted on the Alternative Investment Market (AIM) on the UK stockexchange. You should obtain, or download a copy of, the companys last annual report containingaudited financial statements. From the financial statements, the annual report and other sources, andusing appropriate auditing procedures, identify THREE areas of heightened audit risk relating to theaudit of this company this year. Explain in detail, using quantitative and qualitative analysis, why youconsider these to be areas of increased audit risk. (50%) In relation to ONE of the areas selected inPart A identify in detail, and explain the reasons for, FIVE substantive audit procedures you wouldcarry out in attempting to reduce audit risk to an acceptably low level. (50%) ADMINISTRATIVEDETAILS This assignment will count 20% towards your final mark for the auditing module. The wordcount for this assignment is 1,500 words (¤ 10%). You are advised to allocate the word countequally between Parts A and B. Workings for any computations carried out in relation to theassignment should be included as an Appendix and need not be included in the word count. PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT

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