https://rpubs.com/staszkiewicz/Z2_WPR_EN
Your are a manager at Rent a car Plc. audit engagement You got the email for the Engagement Partner.
From: Mikle
To: Mark
Date: 20X7 Nov 16 Subject: Reivew working papers
Hi Mark,
Please have a look on working papers attached, and sent me your review
Rds, Mikle
Attachement
Client: Rent a car
Audit ye 20x9
Papered: Mattie
Aim: to verify the correctness of the existence of cars. Value shown on the balance sheet 2231721€ for a portfolio of 265 cars.
Prepare: Selected a sample of the cars and matched the book value to the market value.
Results:
Results:
| Car Number | Book Value | Audit Value |
|---|---|---|
| “RZ 9072SH” | 39845 | 41200 |
| “RZ 9073SH” | 33147 | 32147 |
| “RZ 9074SH” | 12951 | 12951 |
| “RZ 9075SH” | 14257 | 14257 |
| “RZ 9076SH” | 23690 | 27690 |
| “RZ 9077SH” | 38091 | 38091 |
| “RZ 9078SH” | 25488 | 25488 |
| “RZ 9079SH” | 7473 | 7873 |
Conclusion
The balances with small differences, too small ignored. Valuation of cars