Research the findings of the Haynes Royal Comrissior into Financial Services. Ther arswer the following questions: 

1. To what degree have the KAM's for each company for 2018 and 2019 reflected the risks arising from the findings of the Banking Royal Comission? In your opinion, has the Banking Royal Commission impacted or influenced the disclosures in the audit reports in 2019? 

2. A key concern that came out of the Banking Royal Commission to be addressed by the banks is their organisational culture. Can organisational culture be audited by the external auditors, what is your opinion? What audit procedures might they need to perform? Had organisational culture matters been included in their KAM's section for the 2019 audit reports? If not what's your opinion, explain?

Answer rating: 100% (QA)

The Royal Commission into Misconduct in the Banking Superannuation and Financial Services Industry also known as the Banking Royal Commission and the ... View the full answer