Briefly discuss the role of the external audit function

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Reference no: EM131444626 , Length: word count:2800

Business Report Assessment Report - Authentic task 

Download a copy of the 2016 Annual Report of Ridley Ltd from the Moodle site. Using the Annual Report, prepare a report that addresses the following:

1. Provide a brief summary of the company. Include details such as industry sector, primary activities, recent performance (300 words maximum).

2. Prepare a table that outlines details of the Board of Directors. Include items such as name, gender, age, education, career history, remuneration, and any other details you think are important or interesting. Provide a brief summary of the characteristics of the Board (1,000 words maximum).

3. Ridely  follows the corporate governance recommendations of the Australian Stock Exchange (ASX) Corporate Governance Council (CGC) and has several policies in place to support its corporate conduct. The external audit function is discussed throughout these recommendations.

a. Outline the key recommendations of the ASX CGC in table format. 

b. Who is RIDLEY's auditor?

c. What amount of remuneration did the auditors receive from RIDLEY during the year? 

d. Briefly discuss the role of the external audit function and how this may/may not be achieved (400 words maximum).

4. Provide a financial statement analysis of Ridley for 2016 in table format. Include the following ratios (show all workings): 

a. current ratio, 

b. Quick ratio

c. inventory turnover, 

d. Accounts receivable turnover

e. asset turnover, 

f.  debt to equity, 

g. gross profit margin, 

h. profit margin, 

i. return on assets, 

j. return on equity. 

Based on your results, make a brief comment on the liquidity, efficiency, solvency, and profitability of Ridley for 2016 (600 words maximum).

5. Four of Ridley's investors hold over 60% of the issued capital of the company. Who are these four investors? What is the significance of their ownership stake in Ridley? (300 words maximum).

6. Provide a brief comment on the overall financial health of the Ridley Ltd. (200 words maximum)

Assignment Files -

https://www.dropbox.com/s/6z9vhonc2j6biqr/Assignment%20Files.rar?dl=0

Reference no: EM131444626

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Reviews

len1444626

3/30/2017 2:36:11 AM

Students should submit a soft copy of the report in a word file (excluding assignment coversheet and appendices) into the Turnitin system through the link in the subject’s Moodle site. Students should also submit a full report including the signed Assignment cover sheet, appendices with relevant detailed information/calculations, and originality report to Moodle site through the Full Assignment Link. The Turnitin originality report that you submit with the full copy of the report should be consistent with your final submission to Turnitin. Any assignment submitted after the 5:00PM deadline will attract a penalty.

len1444626

3/30/2017 2:36:03 AM

Australian student, 2800 words, I need HD marks please as I already failed in my last assignment and please make sure there is low plagiarism and its good quality, I am depending on you, please don't let me down. Reports must be typed, double spaced, and printed on one side of the paper only. Pages are to be consecutively numbered. You must be able to provide a duplicate of your submission if requested. Always backup your work. You must attach a completed and signed assignment coversheet. A downloadable copy is available on the Moodle site for this subject. Your assignment must be submitted by the due time and date in order not to incur a penalty. Please refer to the student handbook for further details. Referencing style must follow the Harvard style, available on the UOW library website. Whenever the Annual Report is cited, you must provide a page reference to the Annual Report so that your work can be easily verified. Assignments may be penalised for failing to meet any of these requirements.

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