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The management of "Quvasoy sement" estimated the warranty repair provision at 80 000 000 soum. Based on its own data, the auditor set a reasonable range of 88 000 000 – 100 000 000 soum. Under the ISA 540 approach, what is the misstatement at a minimum?
Which three main inherent risk factors does ISA 540 (Revised, auditing accounting estimates) single out when assessing risks for accounting estimates?
"Yangi asr" LLC calculated annual depreciation on equipment costing 120 000 000 soum using the straight-line method over 10 years: 15 000 000 soum. The auditor redid the calculation himself (taking the residual value as zero) and got 12 000 000 soum. Which procedure did the auditor use and what is the difference?
In the audit of "Zarmitan agro", the auditor could not obtain sufficient evidence on the warehouse balance. The manager gave a written confirmation that "the balance is correct". What is the role of this letter as audit evidence?
The manager of "Mirzo Plast" LLC proposed that the auditor prepare the financial statements himself and then audit them himself. Why does this threaten the auditor's independence and objectivity?
"Qirq qiz oziq-ovqat" LLC prepares its statements as at 31 December. The auditor wants to establish that deliveries of goods are recorded in the correct reporting period. Which procedure suits this aim best?
In the audit of "Dilkusho savdo" LLC, the auditor wants to check that revenue is recorded completely, i.e. that no shipment has dropped out of the books. Which direction of testing suits this aim best?