This article discusses the use of analytical and substantive procedures in auditing and assurance in Australia. It explains how to identify possible material misstatements in financial reports of an entity. The article also provides a case study of IDP Education Limited to demonstrate the use of analytical and substantive procedures. The conclusion of the article is that the financial statements of the company have been prepared in accordance with the applicable accounting standards and show the true and fair picture of the company.

Distinguish between analytical procedures required by ASA315 and ASA520

Distinguish between analytical procedures required by ASA315 and ASA520 and provide examples from financial statements to support the explanation.

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Analyzing Auditing and Assurance in Australia | Desklib

Auditing and Assurance in Australia

This document discusses the risk of material misstatements in the financial statements of Cochlear Limited by conducting analytical procedures on the financial information of the company. It also verifies whether the accounting information compiled by Cochlear Limited is in accordance with the AASBs.

Hartpury University and Hartpury College

Data Science and Big Data

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statements

The main purpose of this report is to develop an understanding and knowledge about the analytical procedure for evaluating the impact of financial reports on the audit planning decision. It discusses the important ratio of DIPL that are important for building the audit planning decision. Along with this, the report discusses the two inherent risks that may arise from the nature of DIPL business operations and the impact of risks on the financial reports or statements.&nbsp;

Finance

Audit 10 Audit, Assurance, and Compliance Introduction: Analytical Procedure for Evaluating the Impact of Financial Reports

Case Study

This article discusses the issues in auditing practice, including materiality level, analytical review, trend analysis, audit procedures, and fraud risk. It also provides a detailed analysis of Chestnut Enterprise's financial statements.

Issues in Auditing Practice

This article discusses the key business risks and risk of material misstatement in the auditing of Vodafone Australia. It also covers the use of analytical procedures in auditing and the importance of carrying out necessary procedures to express an appropriate opinion on the financial statements of the company.

Auditing of Vodafone Australia: Key Business Risks and Risk of Material Misstatement

This article discusses the importance of following guidelines provided in ASA 315 to conduct an audit of an organization. It identifies two asset accounts and an expenditure account that are at risk of misstatements in the financial statements of IDP Education Limited. The article also suggests analytical and substantive audit procedures to evaluate these accounts.

This report discusses the concepts of materiality and analytical procedures in audit and assurance of Janus Henderson Group. It also reviews the cash flow statement and audit report for financial year 2017. The report concludes that the auditors gave a non-qualified audit report, indicating that the company has complied with all applicable laws and regulations.

Auditing and Assurance in Australia

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statementslg...

Audit 10 Audit, Assurance, and Compliance Introduction: Analytical Procedure for Evaluating the Impact of Financial Reportslg...

Issues in Auditing Practicelg...

Auditing of Vodafone Australia: Key Business Risks and Risk of Material Misstatementlg...

Auditing and Assurance in Australialg...

Audit and Assurance of Janus Henderson Group: Materiality and Analytical Procedureslg...

Auditing: Risk of Material Misstatements in Cochlear Limited's Financial Statements

Audit 10 Audit, Assurance, and Compliance Introduction: Analytical Procedure for Evaluating the Impact of Financial Reports

Issues in Auditing Practice

Auditing of Vodafone Australia: Key Business Risks and Risk of Material Misstatement

Auditing and Assurance in Australia

Audit and Assurance of Janus Henderson Group: Materiality and Analytical Procedures