Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
The objective of this project is to provide you with an opportunity to assess the business risks and perform analytical procedures for a real world company.
The project focuses on the following categories of information related the understanding the entity and its environment:
Matters that you may consider when obtaining an understanding of the nature of the entity include:
Part 2 - Understanding the Industry
Part 3 – Understanding the legal environment
Relevant regulatory factors include the regulatory environment. The regulatory environment encompasses, among other matters, the applicable financial reporting framework and the legal and political environment.
Part 4 – Understanding external environmental factors
Part 5 – Understand objectives, strategies and Assessing Business Risks
Part 6 – Performing Analytical Procedures to understand Entity’s Performance
You are also required to perform analytical procedures (ratio analysis) on the selected company for 3 years and compare those ratios across time, and to industry data or a major competitor.
Part 7 – Understand management and Governance
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My Assignment Help. (2021). Auditing And Assurance Services. Retrieved from https://myassignmenthelp.com/free-samples/ha3032-auditing-and-assurance-services/national-australian-bank.html.
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[Accessed 18 October 2021].
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My Assignment Help. Auditing And Assurance Services [Internet]. My Assignment Help. 2021 [cited 18 October 2021]. Available from: https://myassignmenthelp.com/free-samples/ha3032-auditing-and-assurance-services/national-australian-bank.html.
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