Acc 456 – Big Rock Brewery Ltd Case Analysis Essay Preview: Acc 456 – Big Rock Brewery Ltd Case Analysis Report this essay Audit Group Case Assignment – Big Rock Brewery Ltd.ACCTG 456 LEC X50March 27, 2016Based on our audit team’s assessment of the entity and its environment, we believe that the inherent risk is.
Auditing ASSIGNMENT #1Scenario A (4 Marks)Oliver has been auditing Limberg Cheese for five years, initially as a junior auditor and as a senior auditor for the last two years. He has never seen an accounting adjustment recommended for Limberg Cheese. As a result, he believes inherent risk should be set at zero for the Limberg.
Posh Limited Auditing Essay Preview: Posh Limited Auditing Report this essay (1)Inherent risk:The repeat engagement of the accounting firm for Posh Limited may make the auditors feel more confident in auditing the same client, which is likely to gradually lower the inherent risk in the third year of misstatement for both the occurrence of sales.
