"Auditing Analysis ofMetcash LimitedTable of ContentsContentsTable of Contents ........................................................................................................................ 1Executive Summary................................................................................................................... 21. Metcash Planning .................................................................................................................... 31.1 Operations......................................................................................................................... 31.2 Applicable laws and regulations ...................................................................................... 51.3 Primary competitors ........................................................................................................62. Business Risk Factors ............................................................................................................ 83. Accounts Susceptible to Misappropriation ........................................................................ 104. Reliance on Control Environment ...................................................................................... 145. Acquisition of Woolworth’s Home Timber and Hardware Business and its Effect on 2017Audit Plan ................................................................................................................................ 166. References ............................................................................................................................ 17 1 | P A G E Executive SummaryPlanning in auditing is a preliminary stage for client evaluation. This task involveslooking into the client’s nature of business, the integrity of client’s management etc. Thisreport is based on a basic analysis on Metcash Ltd. as a potential auditing client. This report also identifies some key accounts of the financial statements that couldpotentially be materially misstated. The corporate governance and business risks for anyclient can help determine how strong or weak their internal controls are, we have alsoconsidered the various factors where potential reliance could be placed on its overallcontrol environment.Lastly, the impact of the acquisition of Woolworth’s Home Timber and HardwareBusiness is reflected upon, in terms of the changes that would be required in planning theaudit.2 | P A G E "