Audit Management – NBC Institute

AAA – May 2019 – L3 – Q7 – Group Audits

Explain joint audit, its benefits, and challenges in the context of an automotive company’s acquisition.

Question

You are an audit manager in a firm of Chartered Accountants. Your firm has been appointed as joint auditors with another firm to carry out the audit of Opeloyeru Automotive Company Limited, which has acquired another company in the same industry to expand its business across six states in the southwest zone of Nigeria.

Required:
a. Explain the concept of joint audit. (5 Marks)
b. Discuss the reasons why joint audit is considered desirable. (5 Marks)
c. Explain possible setbacks for engagement in joint audits. (5 Marks)

Answer

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Tags: Audit Management, Business Growth, expansion, Joint Audit
Level: Level 3

Topic: Group audits

Question Tag: Audit Management

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AAA – May 2019 – L3 – Q7 – Group Audits

Explain joint audit, its benefits, and challenges in the context of an automotive company’s acquisition.

AAA – May 2019 – L3 – Q7 – Group Audits

Explain joint audit, its benefits, and challenges in the context of an automotive company’s acquisition.

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Question Tag: Audit Management

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AAA – May 2019 – L3 – Q7 – Group Audits

Explain joint audit, its benefits, and challenges in the context of an automotive company’s acquisition.

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AAA – May 2019 – L3 – Q7 – Group Audits

Explain joint audit, its benefits, and challenges in the context of an automotive company’s acquisition.

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