Conducting preliminary analytical procedures

Question 1: As an auditor, you are conducting your preliminary analytical procedures based on the background information for DIPL contained in the case. Apply analytical procedures to the financial report information of DIPL for the last three years. Explain how your results influence your planning decisions for the audit for the year ending 30 June 2015 (10 marks). Question 2: You are conducting your risk assessment of DIPL, as part of the planning for your audit for the year ended 30 Jun …affect the conduct of the (a) audit. (5 marks).  

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