The year-end for each client is 30 June 2020

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The year-end for each client is 30 June 2020. (a) Berlin Sdn. Bhd. (Berlin) Described below are four situations, which have arisen at four unrelated audit clients of The management of Berlin has refused to provide written representations that:

• all transactions have been recorded and reflected in the financial statements.

• it has provided the auditor with all the relevant information and access as agreed in the terms of the audit engagement.

(b) Hamburg Sdn. Bhd. (Hamburg) Your firm is the external auditor of Hamburg for the year ended 30 June 2020. In March 2020, Hamburg sold the property to James Lucas. James is Hamburg’s managing director. Hamburg’s directors have refused to disclose the sale of the property to James in the financial statements for the year ended 30 June 2020 as they claimed that the amount is too immaterial to disclose.

(c) Munich Bhd. (Munich) Munich is a company that was established to search for precious metals in Malaysia, but it has been unsuccessful. The directors of Munich intend to liquidate the company and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Munich’s financial statements have been prepared on a break-up basis and adequate disclosure of this basis has been included in the notes to the financial statements. Munich has a number of shareholders and many suppliers who are unaware that the directors have taken the decision to liquidate the company.

(d) Cologne Sdn. Bhd. (Cologne) Your firm is the external auditor of Cologne for the year ended 30 June 2020. Cologne’s financial statements show revenue of RM54.8 million, of which RM1.1 million relates to cash sales. During the audit, your firm identified that Cologne had no system of internal control over cash sales. No other audit procedures were available to obtain assurance over cash sales. Cologne’s profit before tax is RM9.5 million.


For each of the four situations above, a state with reasons, the implications for your firm’s audit or assurance report


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