ISA 315 – Identifying and assessing the risks of material misstatement through understanding the entity and its environment, states that the auditor should obtain an understanding of the entity and its environment. It is an important statement in the planning ...
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Asked: April 26, 2022In: Auditing
cables (Proprietary) Limited was formed .5 years ago by its current managing director Peter Jones. Cables (Proprietary) L -rred has 15 members (all of whom are individuals) and Pete is the majority shareicider. Cable (proprietary) Limited is a cable manufacturing business and has long -term contracts with local government bodies and mtnes for the supply of cables Tne company also supplies to large and small building contractors throughout Namibra. The company has a branch in each province of Namibia from where the manufactured cables are sold and distributed. The company’s memorandum of incorpoi’ation requires that its annual ftnancial statements should be audited. Three years ago John Green was appointed as the company’s external auditor by the company’s members at an annual general meeting Jake Jones, Pete’s son was appointed as Cables (Proprietary) Limited,s Financial director on 31 May 2021. Jake acquired a Btech degree at Namibia University of Science and Technology, after he worked in a hotel in Johannesburg for a couple of years He is 27 years of age. He started working at Cables Limited on 1’t May 2021 Jake and you have been friends since school although he is a few years younger than yo
Asked: February 18, 2022In: Auditing
Find AUDITING 310 COURSE OUTLINE attached.
.ABC Ltd is a mining company listed on the Namibian stock exchange (NSX). It has an audit committee comprising four members. Two members are independent non-executive directors with engineering and mining qualifications. The nomination committee is currently looking to appoint an additional member to the audit committee. In terms of the NSX principles, which of the following would most likely be the best candidate for appointment?