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Auditing Assignment Help
Task:
Assume you are the audit senior assigned to the audit of A2 Milk Ltd., a public listed company, for the year ended 30 June 2018.
As an audit senior, you have been assigned the task of gaining an understanding of the client, as well as identifying inherent risks and risk of material misstatements based on your research. The information you gather will be used to help plan the audit. You are required to write a report to your audit manager outlining the information you have gathered with regards to the following:
Carry out an analytical review of the company and identify 3 areas of risk of material misstatement in the financial statements and explain why you think these areas are at a risk of misstatement. (You will need to mention specific transaction/balance and assertions at risk and why you think these are risk areas).
Information to answer this question should be gathered from a variety of sources including the company website, previous annual and half yearly reports and other published news about the company. Report must be presented professionally with the correct referencing (APA style)
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