Section 5- To be completed by the 'Audit Partner' of the Audit Team Subsidiary 5 -General Machinery Company Limited (Case for Audit Partner) General Machinery Company Limited, a subsidiary company of Las Vegas Group Corporation (USA) Limited, is primarily a distributor of a range of machinery and equipment and also engages in other business activities. It has assets of approximately $4m, including current assets of nearly $2m. The draft Statement of Financial Performance of the company has just been completed by the company accountant and pre... More

Section 4- To be completed by the 'Audit Manager' of the Audit Team Subsidiary 4- Enron Electric Limited (EEL) (Case for Audit Manager) Your audit partner has placed you in charge of the audit of Enron Electric Limited (EEL), a subsidiary company of Las Vegas Group Corporation (USA) Limited. Enron Electric Ltd., is a manufacturer and distributor of household electrical products. The EEL Company contains a number of subsidiaries with diverse operations. A new graduate has also been assigned to assist you on the job. During discussions with ... More

Section 3- To be completed by the 'Audit Supervisor' ofthe Audit Team Subsidiary 3- Computek Electronics Limited (Case for Audit Supervisor) You are the audit supervisor assigned to the audit of Computek Electronics Limited, a subsidiary company of Las Vegas Group Corporation (USA) Limited. Computek Electronics Ltd. is a wholly owned subsidiary of a US parent. The following information has been provided to you:   The principal activities of Computek Electronics Ltd are the importation and distribution of modems and personal co... More

Section 2- To be completed by the 'Audit Senior' of the Audit Team  Subsidiary 2 - Fashion Designers Limited (Case for Audit Senior) You are the audit senior of Fashion Designers Limited, a subsidiary company of Las Vegas Group Corporation (USA) Limited. Fashion Designers Ltd is a large multi-national manufacturer and distributor of fashion accessories. The company is listed on the New York Stock Exchange and its major shareholder (51%) is the US Company which controls the use of the accessory brand names throughout the world. Fashion Design... More

Section 1- To be completed by the 'Andit Assistant' ofthe Audit Team Subsidiary 1- Carpets Interuatioual (USA) Limited (Case for Audit Assistant) You are a Graduate Audit Assistant involved in the audit of Carpets International (USA) Limited, a subsidiary company of Las Vegas Group Corporation (USA) Limited. The client has presented you with the following_draft Statement of Financial Position and Statement of Financial Performance as follows: Unaudited Audited 11 months 12 months 30/ll/X2 31/12/X1 $'000 $'000 ... More

1.0   Introduction Audit Firm: Assume that you are part of the highly qualified audit team employed by the Disney Land Audit Company Limited, an auditing Finn, which is internationally recognized and one of the largest professional accounting Finn globally. Your audit team comprises of 5 members who are as follows: Audit team: Memberl     -     Audit Assistant/Junior Member2    -     Audit Senior Member3    -   Audit Supervisor Member4   -     Audit Manager MemberS    -   Audit Partner Disney Land Audit & Co, has been c... More