How does the affect assessment of materiality

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Obtain a copy of a recent annual report of Commonwealth bank Australia (2019) from ASX Top 300 listed companies list (most companies make their annual reports available on their website). Perform analytical procedures of the Statement of Financial Position and of Financial Performance over the two years (2018 and 2019) using appropriate ratios and/or metrics.

Problem 1: Measure and discuss income statement, balance sheet and cash flow ratios from your selected company and How does this affect your assessment of materiality, detection risk and overall auditRisk? Provide a brief explanation in the report. This should be presented in a table format.

Reference no: EM132893273

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