Areas in which Medibank conducts its operations

Running head: AUDITING AND ASSURANCE
Auditing and Assurance
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1AUDITING AND ASSURANCE
Table of Contents
1. Areas in which Medibank conducts its operations:.....................................................................2
4. Four business risks that could have impact on the audit of Medibank:.......................................2
References:......................................................................................................................................7

2AUDITING AND ASSURANCE
1. Areas in which Medibank conducts its operations:
Medibank Private Limited is an integrated healthcare organisation involved in providing
health solutions and private health insurance in Australia. The organisation is engaged in
operating in two segments, which mainly include Medibank Health and Health Insurance. It is
the second biggest health insurance provider after Bupa in Australia having 29.1% of market
share and 3.8 million members (Medibank 2018). The segment of Health Insurance provides
private health insurance products constituting of hospital cover providing members with health
cover for hospital treatments. The organisation includes ancillary cover as well that offers its
members with health cover for healthcare services like optical, dental and physiotherapy. The
segment provides health insurance products to the overseas students and overseas patients.
In addition, the segment of Medibank Health provides telehealth and health management
services to the corporate and governmental customers along with distributing life, travel as well
as pet insurance products. The organisation is associated with underwriting its health insurance
products under the brands of AHM and Medibank. The head office of the organisation is situated
at Docklands in Australia and it has been established in 1976. The primary aim of the
organisation is intended to deliver superior health to the customers by providing health services,
advocacy of the health system and overall community work. Thus, Medibank ensures widening
the most effective combination of products, services and advices for its customers.
4. Four business risks that could have impact on the audit of Medibank:
The four business risks, which could affect the audit operations of Medibank, include the
following: