Inherent Risk, Fair Value, And Material Misstatements: Audit Procedure And Analysis Of JB Hi-Fi And Common Wealth Bank

Inherent Risk
Justify Your
Assertion and Ledger
Audit Procedure/Task
Account(s) Impacted
Non-routine accounts or transactions
The non-routine transactions are seen to be present in various types of the estimates taken into consideration by the management. The example of the non- routine transaction for JB HiFi can be seen with the incidence for damage caused by fire or acquiring…