38. Sunnidaze Ltd.

(Nov 2010) Comments on more general concerns - Ethical consideration and fraud risk - Fraud risk - Time scales and need for appropriate focus on audit completion - Opening balances - Materiality - Consideration of form of audit opinion

37. Precision Garage Access plc (July 2010) Analytical Procedures - Income Statement o Revenues Audit Work o Cost of Sales Audit Work

36. Ed Holdings Ltd. Issues identified which may give rise to an adjustment or an indication of a significant audit risk in the group accounts and additional audit procedures to enable sign off of group accounts - Audit of acquisition - Audit of consolidation entries

35. Holdrake Ltd (Nov 2009) Issue 1 Unknown Cash deposit paid in bank account - Audit risks and approach Issue 2 Overriding of controls by FD - Audit risks and approach

34. Tawkcom Ltd (PPE) Explanation of financial reporting and auditing issues - Prior year adjustments - Sample Sizes - Head office lease

- Leasehold improvements - Network asset additions - Disposal of computer and office equipment - Sale and leaseback - Valuation of freehold property - Investment property - Useful life increase Additional steps required to complete audit procedures - Group scope not entity level procedures performed - Procedures on impairment - Procedures on brought forward position - Physical verification - Capital/revenue? - Disposal of AR Hughes - Areas where audit team may provide useful evidence

33. Netus UK (Payroll) Comments on design of payroll FR Advice Schedule of audit procedures - Interim work - Tests of control Overview - Substantive procedures Final Work - Tests of control - Substantive procedures

32. Hubbub plc (July 2009) Impairment of Property - Audit Issues o Recoverable amount - Audit evidence o Fair value less costs to sell o Value in use audit - Financial Reporting issues Ethical issues - Creative accounting Excessive Prudence with client

31. Additsen Newslist Accounting treatment of Intangibles + criteria

29. Expando Ltd. Revaluation of land - Accounting treatment - Audit Procedures Debenture loan - Accounting treatment - Audit Procedures Held for sale premises Criteria + audit - Accounting treatment - Audit Procedures Acquisition of 25% of Tilch - Accounting treatment - Audit Procedures Provision of temporary staff by audit firm

28. Whimchester plc Recall of new range of sofas - Financial reporting issues - Audit implications and intended audit procedures Transaction with director payment of expenses to attend overseas conference - Financial reporting issues - Audit implications and intended audit procedures

26. Healthyperson Research and Development expenditure - Risks - Audit procedures

25. Winstanley International Restaurants Parent Company Loan - Financial Reporting

o Parent company financial statements o Consolidated financial statements - Audit Risk and Audit procedures Landra Hyperinflationary economy audit and risks - Financial Reporting issues - Audit risks and Audit procedures

24. Pottington Printers Audit issues from junior staff - Faulty machines in inventory audit procedures - Ongoing training costs cant be capitalized: Training costs + Audit procedures

23. Hillhire Discontinued operations risk - Audit procedures Acquisition of subsidiary risks of irrelevant intangibles being recognised - Audit procedures

21. Lyght plc New IT system - Ethical Issues - Audit issues - Financial reporting issues Related party transactions - Financial reporting issues o The sale o The purchase - Audit issues o Related party transactions o Fraudulent behavior Leased building - Financial reporting issues - Audit issues

20. White Viper plc.

Audit issues to date - Litigation o Further audit procedures - Bank loan covenant breach and refinancing o Further audit procedures - Operating lease o audit o Disclosure

19. Hopper Wholesale Ltd. Social and environmental report - Assertions - Professional considerations

18. Maykit Ltd. Review of working papers Various audit tests - Revenue - Cost of goods sold - Grants - Other staff exp - Utility and other costs - Non-current assets - Inventory - Bank borrowings - Trade payables

17. VLAS (Charity Audit)

14. Newark plc. Trade receivables - Reconciliation to receivables ledger - Circularization (detailed) o Further sampling of receivables - Review of receivables for unusual items - Bad debts allowance

o Additional work on bad debts o Financial reporting issues Loan to Brass Analytical procedures on receivables Foreign currency Ethical and professional issues

56. Inca Ltd. Deferred Tax - PPE - Development costs - Tax losses - American Loan - Directors Loan Consolidation of summary - Goodwill Ethical Issues - Directors Loan - Potential permanent contract - Actions to be taken

57. Gilad An evaluation od Gilads personal tax status and whether he should make a claim for the remittance basis - Employment income - Distribution from GB dezign - GB Dezign (Without the remittance basis) - Remittance basis - Conclusion (Paying distribution before/after cessation and before/after Gilad leaves UK

62. Publicity plc. Internal planning document - Overall effect of acquisition on group planning materiality - Factors to determine whether Promoat is a significant component - Audit risks associated with financial reporting and accounting for the acquisition - Additional audit risks identified for Promoat - Consideration of reliance on other auditors notes for managers o Guidance on reliance on other auditors o Professional competence o Independence o Other ethical matters

63. Biores Development costs - Financial reporting treatment - Audit procedures Intellectual property rights Interhealth - Financial reporting treatment - Audit procedures Deferred tax asset - Financial reporting treatment - Audit procedures Acquisition of intangibles as part of the acquisition - Financial reporting treatment - Audit procedures - Liquidity