This assignment is designed to consolidate your learning of the key skills and knowledge needed when facing a financial report audit of a company, and how to analyse, research and pinpoint facets of the company that require auditing attention. Background For the purposes of this assignment, you are to imagine that you work as Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in Australian or Singapore Stock Exchange (your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020.

 Part 2 

Question Review the last audited financial statements, identify and justify FIVE (5) inherent risks and your response to those inherent risks during your audit?

Answer rating: 100% (QA)

1 Industry regulatory and other external factors including the applicable financial reporting framework This means having an understanding of the industry in which the company operates including the l... View the full answer