- 30 Marks
AA – May 2017 – L2 – SA – Q1 – Audit Evidence
Analysis and identification of unusual features in Abricon Nigeria Ltd.'s profit and loss for audit purposes.
Question
The following is the statement of Profit or Loss and other comprehensive income of ABRICON NIGERIA LIMITED for the year ended December 31, 2016.
ABRICON NIGERIA LIMITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2016
Requirements:
(a) Perform analytical tests on the figures given. (16 Marks)
(b) Identify unusual features. (8 Marks)
(c) Provide possible explanations why some apparently unusual items were not selected in (b) above. (6 Marks)
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