Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Determine substantive audit procedures
Assignment Instructions
Assignment ID: FG132462482
Your firm is auditing Colour Paints Ltd, a large manufacturer of painting products. You have been assigned the audit of property, plant and equipment (PPE) for the year-ended 30 June 2016.
Colour Paints Ltd maintains a computerised fixed assets register. The company has three main classes of PPE:
Point (1) Freehold Land & Buildings,
Point (2) Manufacturing Machinery, Plant & Equipment, and
Point (3) Motor Vehicles.
You are concerned that the depreciation rates for Motor Vehicles may be inadequate. You are also concerned that the recent revaluation of Freehold Land and Buildings by 20% is too high in the current economic climate.
Required:
Question problem 1: For each management assertion listed in the table below, provide substantive audit procedures specifically in relation to the above PPE accounts that would be used to gather sufficient appropriate audit evidence.
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