AAT Level 4 Audit and Assurance case studies
AAT Level 4 Audit and Assurance · Put your knowledge to work in context.
Audit and Assurance is one of the optional professional-level units in the AAT Level 4 Diploma in Professional Accounting. It suits accounting technicians who want to work in or alongside an audit practice, or who need to understand how assurance work supports reliable financial reporting. The AAT Level 4 Audit and Assurance case studies are 5 cases and about 2,918 words.
1The Conflicting Engagement: Audit Client and Prospective Acquirer
You are the engagement partner on the statutory audit of Ridgeway Components Ltd, an unlisted UK company with a 31 December year end. Total assets are £18m and revenue is £24m.
626 words, about 3 min2Materiality, Tolerable Error and Sampling on Receivables
You are planning the audit of Fenwick Trading Ltd for the year ended 30 September. Draft profit before tax is £1.2m and total assets are £9m.
516 words, about 3 min3The Temporary Clerk and a Control That Cannot Be Relied On
You are auditing the purchases and payables cycle of Marlowe Foods Ltd, a food wholesaler with £30m revenue. The purchase ledger clerk who normally performs the three-way match (purchase order, goods received note, supplier invoice) has been absent since July.
590 words, about 3 min4Going Concern, Subsequent Events and the Audit Report
You are completing the audit of Calder Retail Ltd for the year ended 31 March. The company has a bank loan of £2m repayable in June, and the bank has indicated it will not renew the facility unless the company provides a credible refinancing plan.
664 words, about 3 min5Internal Audit, Value for Money and the Reliance Decision
You are the external auditor of a large housing association, Bracken Housing, which receives £40m of public grant funding. The association has an internal audit function of three staff reporting to the audit committee.
522 words, about 3 min