The case is on a company called WES, that develops energy turbines for private residences. We are performing the company's first audit engagement in accordance with IFRS. Their is an exhibit of their F\S to date and 3 main issues to evaluated and discussed following a recommendation 1. R&D costs (expensed or capitalized given which do or do not meet criteria s) 2. Start up costs and 3. Revenue recognition.
It is a very short case, however during the entire report you must refer to the CAS's (Canadian Auditing Standards) and include their reference number (ex. CAS501)
attached you will find the case and exhibits ( 3 pages total)