Java Stop Limited (JSL) is a private company with corporate offices at 10 Bay Street, Suite 409 in Toronto. It was founded July 2, 2002 by Michael Beber. Mr. Beber was working as a banker at the time. While visiting a client in the import business,.....
Required:
a) out the client acceptance checklist. This will require you to do research on the coffee shop industry. You may wish to contact the library if you need help with research. Feel free to expand the Knowledge of Industry section to have enough room to give the results of your research.
b) Perform a preliminary analysis of the financial information.
c) Calculate materiality based on the information you've been given and justify your calculation.
d) Identify four areas of inherent risk that might affect your audit planning. Would you say these are high risks or low?