Identify and justify five inherent risks

Assignment Help Accounting Basics
Reference no: EM132628278

For the purposes of this assignment, you are to imagine that you work as Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in Australian or Singapore Stock Exchange (your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020.

Problem 1:  Review the last audited financial statements, identify and justify FIVE (5) inherent risks and your response to those inherent risks during your audit?

Reference no: EM132628278

Questions Cloud

Extrajudicial killings happening in the philippines : How would the ancient Greek philosophers react to the extrajudicial killings happening in the Philippines?
What is the shortest maturity bond issued by pfizer : What is the shortest maturity bond issued by Pfizer that is outstanding? What is the longest maturity bond issued by Pfizer that is outstanding?
What are the key hr functional areas : Specifically focus on the key HR functional areas. Now, select any 3 of the functional areas that would be your first, second, and third choices if you could.
Explain the system of islamic state : briefly explain the system of Islamic state as described by mauddi and how nationalism arouse in any state.
Identify and justify five inherent risks : Review the last audited financial statements, identify and justify FIVE (5) inherent risks and your response to those inherent risks during your audit?
Discuss the key elements of integrating innovation : Employers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment.
Identify major business risks of woolworths : Identify four major business risks of Woolworths and provide a detailed explanation of why each factor is identified as a risk to the business.
Why do innocent people suffer : 1. Why do innocent people suffer? 2. Is it better to try to make the majority happy at the expenses of a few or a few happy at the expense of many?
How are critical thinking and decision making related : How are critical thinking and decision making related? Identify and discuss at least 3 heuristic decision-making strategies for leaders.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd