Refer to the  annual report of BHP annual report 2023 (including the table of contents) and answer the following questions:

. Review all the sections within the selected company's annual report that relate to the Auditor's role in providing reasonable assurance over the entity's financial statements and control environment. Students will need to review and analyze the following key areas included in the selected company's annual report: 

• Auditor's Independence Declaration 

• Independent Auditor's report

 • Non-audit services performed by the auditor

 • Auditors' remuneration

 • Role, functions and composition of the Audit Committee 

• Independent Auditors' report to the members (shareholders)

 • Review all Key Audit Matters noted and the associated audit procedures

Requirements: Based on your analysis of the auditors' sections and other areas pertaining to the auditor, as included in the annual report, submit a report summarising and evaluating the auditor's assurance services performed for the client company. As part of your review of the assurance services provided, consider the following: 

• Has the auditor complied with Independence requirements? 

• If non-audit services were provided, what was the nature of such services?

 • Provide an analysis of the auditor's remuneration in a table with prior year comparisons. Include percentage changes and explanations of the remuneration. 

• In relation to the Key Audit Matters (KAM), which audit procedures were performed to provide assurance over each matter? Summarise and paraphrase each key audit matter. Correctly classify each audit procedure listed as tests of controls, substantive tests of detail, substantive tests of balances, or analytical procedures.

 • Is there an Audit Committee? Are there any non-executive directors on the audit committee? Is there an Audit Committee Charter? If so, summarise the main points of the charter including the structure, function, and responsibilities of the Audit Committee.

 • What type of Audit Opinion was expressed? 

• How do the Directors' duties and Management's responsibilities differ from the Auditor's responsibilities in relation to the financial report?

 • Were there any material subsequent events? If so, briefly outline them and paraphrase and summarise how they were treated.

 • As an interested third-party stakeholder, make an assessment of the effectiveness of the material information reported by the auditor in your conclusion.
 • Consider any information that could be missing, underreported, and/or not fully explained or disclosed effectively to the intended users. 

• What follow-up questions would you ask the auditor at the company's annual general meeting (AGM)? 

Answer rating: 100% (QA)

As an AI language model I dont have access to specific external documents such as the annual report of BHP for the year 2023 However I can provide you ... View the full answer