Obtain a copy of the 2017 Annual Report of Diageo. a. What information did the auditors provide

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Obtain a copy of the 2017 Annual Report of Diageo.
a. What information did the auditors provide about:

i. The audit approach?
ii. The auditing standards that the auditors followed?

iii. KAMs?
iv. Materiality?

v. Responsibilities for the financial statements and the audit?

b. Do you think that investors in U.S. public companies would like to see similar information?

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Auditing A Risk Based-Approach

ISBN: 978-1337619455

11th Edition

Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

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