Analytical Procedure in Company | Assessment

Running head: AUDIT
AUDIT
Name of the Student
Name of the University
Author Note

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AUDIT
Table of Contents
Introduction................................................................................................................................3
Section 1.....................................................................................................................................3
Materiality and Scope of Audit..............................................................................................3
Review of Draft and disclosure..............................................................................................4
Section 2.....................................................................................................................................5
Analytical Procedure in Company.........................................................................................5
Section 3.....................................................................................................................................9
Analysis of Cash Flow Statement..........................................................................................9
Review of Auditor’s Report...................................................................................................9
Conclusion................................................................................................................................10
Reference..................................................................................................................................11

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AUDIT

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AUDIT
Introduction
Auditing help the company to gain proper analysing of their financial statement so
that this help them to give all the required information to all the financial user of the
company. Auditor have to check all the aspects of company so that it can know that the
company is able to perform all the activity properly and effectively in company business
(Coppage & Shastri 2014). This help the financial user to know the performance of the
company in business. Auditor have to carry many types of procedure which help it to know
about the different aspects of company so this can lead to give proper experience of
misstatement in regards of company business. The report deal with the company name Regis
Resources Limited which is ab public listed company and carry its business operation in gold
operation in the company, it mainly carry its business in Australia and Africa (DeFond &
Zhang 2014).
Section 1
Materiality and Scope of Audit
The purpose of this part it to show about the scope of audit and materiality which is
involve in company financial statement. The company is carrying different operation in gold
operation which involve high amount of complexity so this may also involve some kind of
error and omission in company business (Eilifsen & Messier Jr 2014). The report of the
company is been based in regards of the computation and analysis of the materiality involve
in company financial statement. The auditor have to ascertain all the materiality aspects in the
financial statement so it can give proper amount of opinion in regards of company financial
information. This information which the auditor is able to get help it to know about the
process which it to follow in the audit process of the company. It also able to analysis the