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Chapter 113 4




               5.3 Audit procedures

                    Inspecting prior year working papers.

                    Assessing the entity’s procedures for identifying, authorising and recording
                     related party transactions.

                    Enquiring about relationships between those charged with governance and
                     management and other entities.

                    Inspecting shareholder records for details of principal shareholders.

                    Inspecting minutes of shareholders’ meetings and other relevant minutes and
                     records.

                    Enquiring of other auditors involved with the audit.

                    Inspecting the entity’s income tax returns and other information supplied to the
                     regulatory authorities.

                    Reviewing transactions with abnormal terms of trade or appear not to have a
                     logical business reason.














































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