BBAC601: Auditing And Assurance: Audit Strategy :Preliminary analytical procedures

Part B: Analysis of the client and impacts on the future audit work:

Any changes in the year compared to prior years and the possible or actual impact of these changes on the financial report.

Any expected impact as a result of the changes in accounting standards in the future.

Discuss the potential impact of those identified on the future audit work

Preliminary analytical procedures

Provide at least 5 ratios (using formulas provided by the text book or lecture notes) for the current and the prior year. Of the three ratios, three below are compulsory: current ratio, quick asset ratio, debt to equity.

Comments on the ratios and any anticipated impact on the future audit work.

Comments on the client’s ability to operate as a going concern.

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