Describe a company that would have a high risk of material misstatement of the group financial statements. Make sure it reflects a complex group structure, poor corporate governance, ineffective group-wide controls, has components operating in foreign jurisdictions with for unusual governance intervention and conducts business activities that involve high risk. The company should have unusual related party relationships and transactions, reconciliation issues and complex transactions. The group company and the component companies have important differences: the components’ accounting policies differ from group policies and components with different financial year-ends. The board of directors encouraged aggressive tax planning and made frequent changes of auditors.