Question: Using the NAB 2018 annual report, identify and discuss THREE accounts that could be at significant risk. You also need to identify the key assertion

Using the NAB 2018 annual report, identify and discuss THREE accounts that could be at significant risk. You also need to identify the key assertion at risk for each account. Do not use the same accounts reported in the Key Audit Matter section in the audit report. (6 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Analyze and compare Amazon.com to Best Buy Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Best Buy, Inc. (BBY) is a leading retailer of technology and media products...

Using the NAB 2018 annual report, identify and discuss THREE accounts that could be at significant risk. You also need to identify the key assertion at risk for each account. Do not use the same...

Please help me for this Auditing and Assurance asignment due on 13/9/2018 Question: You are a part of the team responsible for planning the JB Hi-Fi (JBH) audit engagement for 2018. You and your...

Part 1 - 18 marks Using the company's 2018 annual report (fiscal year ended December 29, 2018) and any other pertinent research findings, please answer the following questions: i. What industry(s)...

EarthWear Clothiers 2018 Annual Report: 1. Who is the current CEO of EarthWear? 2. How much did Accounts Payable change in dollars and percent from 2017 to 2018? 3. In which of the last 5 years was...

Working on a final paper evaluating General Motors Co, corporate performance. Attached is the outline of the assignment along with GM financial annual statement. Evaluation of Corporate Performance...

In 250 - 300 word explanation supporting your position Using the annual report from Walmart, discuss the risks the company faces and the actions they take to mitigate those risks. Refer to the...

HCA 545 Financial Analysis Case Anarke LE Grandview Medical Center is a 210-bed, not-for-profit, acute care hospital with a long- standing reputation for providing quality healthcare services to a...

Question 1 (8 marks) Consider each of the following situations: A.One of the mitigating controls that you wish to rely on is that any increases in credit limits are authorised by the financial...

PACC6002 Individual Assignment B Trimester 1 2020 Individual Assignment B (weighting 10%) Section 1 (4%) Distinguish between analytical procedures required by ASA315 and ASA520 You have learned that...

On January 1, 2020, Crane Ltd. sold on account 1,200 units of its product for a total price of $529,000 and a cost of $455,000. The products have a one-year assurance-type warranty and Crane...

A motor hoists a 60-kg crate at a constant velocity to a height of h = 5 m in 2 s. If the indicated power of the motor is 3.2 kW, determine the motor's efficiency. h

Which of the following factors contribute to your credit score, and what is the approximate weight of each factor?Payment History ( 3 5 % ) , Credit Utilization ( 4 0 % ) , Credit History Length ( 1...

Smith invests in a limited partnership that requires an outlay of $9,200 today. At the end of years 1 through 5, he will receive the after-tax cash flows shown below. The partnership will be...

The file Call Center contains the monthly call volume for an existing product. (Data extracted from S. Madadevan and J. Overstreet, "Use of Warranty and Reliability Data to Inform Call Center...

Bates Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $78,000. The deposits are made at the end of each year into an account paying 6% annual interest....

Kevin Morales invests $7,793.83 now for a series of $1,300 annual returns beginning one year from now. Kevin will earn a return of 9% on the initial investment. How many annual payments of $1,300...

Jozy Altidore invested $6,000 at 5% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Jozy withdrew the accumulated amount...

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...

11. Give two examples of each of the following heuristic assessment mechanisms. a) We use the information that is currently accessible. b) We assume an initial anchor point (value). c) We compare to...

4. Give an example of how the consistency principle can be used to influence others.