Need expert in auditing to help tqvm

QUESTION 2 (20 marks) You are planning the audit of LM Ltd, a soft drink manufacturer with bottling plants throughout the world. Each country has its own bottling plant together with an accounting and administrative centre. Each country prepares financial data monthly and submits it to head office in Sydney. The financial data form each country has been shown to be very accurate in previous audits. You are planning the June 2016 audit and it is now April 2016 You tasks: For each of the following facts, state what would be the impact on your overall audit plan for 2016. (In your answer, you should consider the possible inherent risks and the financial statement items and assertions that your audit testing should focus on) i As a result of budget cuts and reduced employee numbers in some countries, management has expressed some concern about recent financial data it has been receiving. ii) The labour cost has been increasing quickly in some countries with the result that ) The US bottling plant has entered into a two-year contract with a local sugar supplier iv) A newlow-carb, soft drink accounts for over 20% of total revenues. At a recent proposals are being put forward to reduce the number of plantsacross the world. to maintain a supply of quality sugar at predetermined prices. sporting event in the United Kingdom, there were large numbers of customers taken to hospital after having an allergic reaction to the drink. This has been traced to a new ingredient used worldwide and the product has been temporarily taken off the market. v) Market analysts had commented that the company underachieved these few years