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a) Based on the information provided, identify THREE (3) information that would help you to obtain an understanding of Primavera Co. Ltd. [3 marks] b) Explain THREE (3) ways in which the above information can be obtained. [3 marks] c) Provide FOUR (4) reasons why the audit planning of Primavera Co. Ltd is important. (4 marks) CASE STUDY You are an Audit Supervisor working at the audit firm Tulipan LLC, the appointed auditor of the company Primavera Co. Ltd for the financial year ended 30 September 2021. It has been a client of your audit firm for the past 3 years. Founded several decades ago by family members, Primavera Co. Ltd has grown significantly from a private company limited by shares to a company listed on the Stock Exchange of Peona. However, the family members have still retained the majority of shares. The shareholders seek to achieve long-term capital appreciation. They appointed the Chief Executive Officer, a qualified professional who is independent from the operations and family members of Primavera Co. Ltd. The Chief Executive Officer has the following targets: (i) maximise revenue to reach Rs 20 million, and (ii) maximise profit to attain Rs 6,5 million. Upon successfully accomplishing these goals, the Chief Executive Officer will be rewarded in monetary terms. Primavera Co. Ltd is a supermarket chain with various outlets strategically located across Peona - one in each city, and others in remote areas. The company is striving to be more sustainable and therefore, promotes products made locally while importing those not available. Primavera Co. Ltd actively engages with local farmers to sell fresh meat, poultry, fruits and vegetables. These information are readily available on the company's website. To ensure compliance with regulatory bodies, Primavera Co. Ltd has the following structure in place: Board of Directors Audit Committee Chief Executive Officer 10 Chief Internal Audit Head of Operations Chief Financial Officer Head of Administration Internal Audit Department IH HOLIO Regional Managers Finance Manager Marketing Manager Supervisors Accountant Human Resources Manager Analyst Legal Manager Figure 1 -Structure of Primavera Co. Ltd 2 of 3