1. Provide an overview of the client’s business and industry in which it operates. The overview must include a discussion on recent developments.

2. What are the significant business and/or audit risks for Billabong? You need to explain at least FIVE (5) risks. DO NOT DISCUSS THE AUDIT RISK MODEL.

3. Going concern given the financial results and based on the information you have gathered, is there a potential going concern issue? Explain.

4. Social Responsibility You have also been requested to research the company’s social responsibility information and provide a summary in your report. As part of the audit engagement, would you recommend an external assurance for the Sustainability Report? Explain

Website:
http://www.billabongbiz.com/phoenix.zhtml?c=154279&p=irol-irhome

Answer rating: 100% (QA)

Billabong is a company devoted to selling surf snow and everyday clothing and accessories to a variety of people Billabong started out with two people making board shorts and selling them at the local ... View the full answer