This document discusses the areas at risk of material misstatement in Auditing and Assurance. The author analyzes the reasonableness of account balances reported in the financial statement of the entity through analytical review. The areas at risk of material misstatement are Cash and cash equivalent, Trade and other payable, and Inventories.

Reviewing financial statements for accuracy by analyzing account balances. Identifying high-risk areas in Cash, Payables, and Inventories.

Areas at risk of material misstatement in Auditing and Assurance

Auditing and assurance

This article discusses the key business risks associated with the business of Travel X and Electronic Enterprise Limited. It also suggests risk mitigating techniques and audit procedures to address these risks.

Advanced Auditing Issue - Case Study Analysis

This document discusses the principles of financial management and their application in Myer Holdings Ltd. It explains financial instruments and off-balance sheet business.

Principles of Financial Management

This assignment examines various factors that can enhance audit risk within Forest Ltd., a company operating in the timber industry. The analysis focuses on four key areas: accounts payable, commitments & contingencies, inventory, and receivables.  Specific issues like currency conversion errors, manual rollover processes, potential overstatement of contingent liabilities, and disputed receivables are explored as potential sources of audit risk. The assignment highlights the importance of thorough auditing procedures to mitigate these risks and ensure a reliable financial reporting process.

Audit Risk Factors in Forest Ltd.

This memo outlines three key accounts of Almond Limited that are at risk of material misstatements and provides recommendations for audit approaches.