Identify 4 business risks of the company, that will increase

Assignment Help Financial Accounting

Reference no: EM133372362

Topic: Blackmores Limited (ASX Code: BKL)

Questions:

Identify 4 business risks of The Company, that will increase the risk of material misstatement (specifically inherent risk) at the assertion level for classes of transactions or account balances. For each business risk, identify only 1 class of transaction or account balance (income statement or balance sheet line item), and for each class of transaction/account balance please identify the assertion most (only one) at risk of misstatement. You need to explain why each business risk will lead to a risk of misstatement to the specific class of transaction/account balance and assertion that you have identified.
Describe in detail, the appropriate substantive procedure that will address each of the class of transaction or account balance and assertion identified as at risk of material misstatement. The description of procedures must be detailed enough for someone with limited auditing knowledge to be able to carry out the procedures correctly.
Refer to additional requirements on the next page.

Reference no: EM133372362

Questions Cloud

Discuss the visual qualities of blade runner : discuss the visual qualities of Blade Runner that where so influential in defining the visual context for the world of Cyberpunk.

Calculate the discounted payback period for this project : Calculate the discounted payback period (DPBP) for this project. Say company management require a payback period of 3 years. Should the project be accepted

Write interpretive response to a short story or part : Identify a conflict (this might be related to how a particular event affects the characters in the story, a choice/decision a character makes, a discovery

Explain how this plays into the business processes : Summarize what you saw or read, and explain how this plays into business processes. Does this affect HR, pro?ts, production, or any other parts of a business?

Identify 4 business risks of the company, that will increase : Identify 4 business risks of The Company, that will increase the risk of material misstatement (specifically inherent risk) at the assertion level for class

Prompt and analyze source material in order to construct : Use question one on the 2014 AP Language and Composition Exam to complete the Prompt Dissection and S.M.E.L.L. Analysis graphic organizer

How does the american southern gothic short story differ : How does the American southern gothic short story differ most significantly from its English counterpart

How do poor educational outcomes for some children affect : What is your role, as an educator, in preventing kids from being "invisible-ized" as Jeannine described? 2. What is social and cultural capital?

What are the advantages and disadvantages of king approach : What are the advantages and disadvantages of King's approach to determining the investor's percent ownership? Assuming an annual revenue of $250,000.

User Account

All Pages