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Instructions given in the file provided below
Answered 3 days AfterApr 10, 2022


Prince answered on Apr 14 2022
12 Votes
For this Assignment, I have used the Annual Audited Report of WoolWorths Group
Question 1: Explain the relevance of the paragraphs ‘Directors’ responsibility for the financial report’ and ‘Auditor’s responsibility’ in the audit report to the audit expectation gap
Solution: The Auditor’s Responsibility and Director’s Responsibility paragraphs emphasise to users that the Director of the company and the external Auditor of the company have different roles to play. Directors of the company are in charge of keeping records and preparing the financial statements, while the...

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