Email: Subject: Global Motor Manufacturers Australia Audit Planning Meeting - 2018/19 Hi, Welcome to the team. Our audit partner, Tom has asked that we schedule a planning meeting in preparation for the upcoming Global Motor Manufacturers Australia audit. This is a requirement of the Australian Auditing Standards and is a key step in the audit process. We have received the client's trial balance for the 12 months to 30 June 2018 and for the 12 months to 30 June 2019. We have also received a document from the client outlining some key operational and strategic changes made since the end of the previous financial year ending 30 June 2018. In preparation for the audit planning meeting, we will need to undertake a variance analysis to understand the movements in balances over the financial year. Could you please do the following: Task 1: Copy the information from the trial balance mapping document into the Variance Analysis Template Task 2: Highlight movements in the current year and prior period based on the following thresholds: o 10% from the prior year and o 5% of materiality - $2,700,000 If you could please include your analysis in the following template excel document, it would