Ben & Cat is a company which work in the hotelry industry. The company year end is 31 October 2018. You are an audit manager at KLONE, an audit organization, and you are now arranging the audit of Ben & Cat for the first time because Ben & Cat is a new customer to your business. Last week, you joined a planning meeting with the audit engagement team and finance director. Explain the purpose of risk assessment procedures and what are the different risks that Long Beach Co. Ltd, a tourism sector could faced in the covid-19 situation.
Ben & Cat is a company which work in the hotelry industry. The company year end is 31 October 2018. You are an audit manager at KLONE, an audit organization, and you are now arranging the audit of Ben & Cat for the first time because Ben & Cat is a new customer to your business. Last week, you joined a planning meeting with the audit engagement team and finance director. Explain the purpose of risk assessment procedures and what are the different risks that Long Beach Co. Ltd, a tourism sector could faced in the covid-19 situation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ben & Cat is a company which work in the hotelry industry. The company year end is 31 October 2018. You are an audit manager at KLONE, an audit organization, and you are now arranging the audit of Ben & Cat for the first time because Ben & Cat is a new customer to your business. Last week, you joined a planning meeting with the audit engagement team and finance director.
Explain the purpose of risk assessment procedures and what are the
different risks that Long Beach Co. Ltd, a tourism sector could faced in the covid-19 situation.
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