Identify the assertion most affected

Reference no: EM133415800

Question: With reference to the audited accounts of Cochlear Limited for the year ended 30 June 2021, detail one (1) account for which the risk of material misstatement may be high. Your response must clearly explain, with reference to the information provided in the annual report, the following:

a) Why you would consider this account to be at significant audit risk,

b) Identify the assertion most affected, and

c) Provide a relevant practical substantive audit procedure that will address the specific risk and assertion.

Your response should be presented in the following format:

Key Account at Risk

Key Assertion at Risk

Audit Risk Explanation

Substantive Audit Procedure

Reference no: EM133415800

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