Explain three key or significant audit matters

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Problem 1. Identify and explain three key or significant audit matters that were raised in the audit report that may lead to the risk of material misstatement in the financial report of your allocated company. (For every Key audit matter identified, discuss how the auditors responded to each matter raised. Discuss about each of the key audit or significant matters, how they are important and their impact on the financial reports if not corrected.)

Problem 2. Apply analytical procedures to the financial report information of the allocated company for at least two years. For this purpose, restrict the procedures to ratio analysis (use at least two ratios each for profitability, solvency, and liquidity).

Reference no: EM132660573

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