- It is a coursework which requires to answer two questions.
- The total number of words should be around 2400.( not by each question is the total number)
Auditing – MOMN042H6
2015/16 Coursework Question
The purpose of an external audit and its role are not well understood. You are asked to the consider issues raised in the audit of large companies.
- Discuss the purpose of an external audit and its role in the audit of large companies.
(b) The external audit process for the audit of large entities generally involves two recognisable stages. The first stage involves planning, testing of controls and a limited amount of substantive procedures. This stage is sometimes known as the interim audit. The second stage involves further tests of controls and substantive procedures and audit finalisation procedures. This stage is sometimes known as the final audit.
Describe and explain the main audit procedures and processes that take place during the interim and final audit of a large entity.
This is an individual assignment.
Your coursework should be 2,500 words.
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