HA3032 Auditing Assignment

Added on - 08 Nov 2019

  • HA3032

    course code

  • 17

    pages

  • 4107

    words

  • 117

    views

  • 0

    downloads

Showing pages 1 to 4 of 17 pages
Auditing1Running Head: AuditingAuditing
Auditing2Executive SummaryThere is an increase competition in the market and for the purpose of overcoming thecompetition, there is a need to analyse the external business environment for the purpose ofmaking effective strategies. For this purpose, different techniques are used by the company suchas PEST analysis, SWOT analysis and Porter’s five forces model.
Auditing3Table of ContentsExecutive Summary.....................................................................................................................................2Introduction.................................................................................................................................................3Part 1: Understanding Nature of the Entity..................................................................................................4Part 2: Understanding the Industry..............................................................................................................4Part 3: Understanding the legal environment:..............................................................................................5Part 4: Understanding External Environmental Factors...............................................................................7Part 5: Understand objectives, strategies and Assessing Business Risks:..................................................11Part 6 Performing Analytical Procedures to understand Entity’s Performance..........................................12Part 7: Understand management and Governance:....................................................................................14Conclusion.................................................................................................................................................15References.................................................................................................................................................16
Auditing4IntroductionThis report emphasizes on the assessment of the business risk for Stockland Stapled which isconsidered as one of the largest diversified real estate company. The report includes theinformation related to the industry, nature of the business, external environment, legalenvironment, governance and business risk management that have an impact on the profitabilityand performance of the business.Part 1: Understanding Nature of the EntityStockland Staple is founded in the year 1952 which is considered as one of the largest companyin the real estate industry. The company has more than $16.6 billion of real estate assets. Thebusiness operations of the company include construction and management of different businessparks, logistics centre, residential communities, shopping centers, office assets and retirementliving villages. This company has adopted diversified business model for the purpose ofdeveloping dynamic town centers to help different communities of the country. The company hasthree segments commercial property, retirement and residential living which has increasedearnings (Stockland Stapled, 2017).There is an increase in the profits by 9.4% in the year 2015 to $608 million. Besides this, there isalso an increase in the funds from operations to 14.7% with statutory profits of $903 millionwhich is more than 70% as compared to the year 2014. The company has also made acquisitionsacross its different business segments of nearly $600 million. In addition to this, the companyhas made investments seven medium density residential projects in four states. The company hasadopted the Australian Accounting Standards for the purpose of reporting the financialinformation in an effective manner (Stockland Stapled, 2017).
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document