Developing an Audit Program for Mako Gold Limited

DEVELOPING AN AUDIT PROGRAM FOR
MAKO GOLD LIMITED

Cover Content
 Introduction
 Industry and Company Overview
 Identifying Key Business Risks
 Audit Risk Model
 Analytical Procedures
 Material Account Balance Identification
 Assertions Identified
 Audit Program
 Sampling Plan for Material Account Balances
 Conclusion
 References

Introduction
• Developing an audit program is said to be related to the creation of a framework
in such a manner which not only enumerates the activities that have been
undertaken, conclusions drawn from them with supporting justifications but also
provides adequate information to an outside auditor regarding the same.

Industry and Company Overview
• The Australian Mining industry accounts for 7% of its total GDP. There has been
an increased focus upon the exploration and production of gold in recent years
due to recent price hikes in gold.
• Mako Gold Limited (ASX:MKG) is a public company that was established in
June 2015 headquartered in Brisbane, Queensland.