Answer: 1.Audit risk could be defined as the risk, in which the auditor provides in appropriate audit opinion on the financial statements (Hsieh, Lin and Chang 2018). Hence, audit risk might constitute of any factor leading to material misstatement or omission in the financial statements. Thus, identification of significant business risks result in the detection of audit risk. In case of Vectus Biosystems Limited, the four accounts or areas of...Read More >>
Answer: Advanced Audit & Assurance According to Business Dictionary (2017), fraud is “an action of trickery perpetrated with an intention of disguising the truth, through taking advantage of loopholes within processes, through corruption where the party induces another party with incentives with intents of self-gain, or through a forceful manner.” Businesses are posed to fraud risks eminent from risk factors that are within th...Read More >>
Answers: Introduction Largest publically funded organizations health care company in Australia. Operated by Department of Human services, health care support to private and permanent Australian residents. Listed on the Australian Stock Exchange Covers around 30% of the market having around 4 million customers in aggregate. Ranked 7th in the 9 health insurance companies in terms of customer services in Australia. 1...Read More >>
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