Auditing and Assurance: Analysis of IDP's Annual Report

Running head: AUDITING AND ASSURANCE
Auditing and assurance
Name of the student
Name of of the university
Student ID
Author note

1AUDITING AND ASSURANCE
Table of Contents
Attachment 1..............................................................................................................................2
Attachment 2..............................................................................................................................4
Reference....................................................................................................................................9

2AUDITING AND ASSURANCE
Attachment 1
Name of Company: IDP (International Education Specialists)
Insert the url (link) to the
entity annual report
site/location:
https://investors.idp.com/FormBuilder/_Resource/_module/v1AiEHYL20-
_Rje11PzkYA/financial-reports/FY18_Full_Year_Results.pdf
1. Balance date (year-
end)
30th June 2018 (pg no. 56)
2. Date of the audit
report
22nd August 2018 (pg no. 55)
3. Name of the auditor
(firm) signing the report
Deloitte Touche Tohmatsu (pg no. 55)
4. To whom the audit
report is addressed
Audit report is addressed to The board of Directors (pg no. 55)
5. Type of audit opinion
expressed in the audit
report
Unqualified (pg no. 108)
6. Explanation(s) for any
modification
(what was the reason for
any modification)
As per the audit report no modification was required
7. Which ASA does the
audit report comply
with?
APES 110 code of ethics (pg no. 108)
#For EACH of the
remaining items please

3AUDITING AND ASSURANCE
show the amounts
(indicating the
applicable currency $A
and amounts in
thousands or millions)
8. Assurance (audit) fees $ 952.445 Thousand (pg no. 99)
Breakdown for fees are as follows –
Group auditor of Deloitte Touche Tohmatsu
Audit and review of the financial statements - $ 460,000
Other consultancy services - $ 49,750
Member firms of Deloitte Touche Tohmatsu related to subsidiaries
Audit and review of the financial statements - $ 377,988
Taxation advisory services - $ 12,916
Other advisory services - $ 51,791
9. Non-assurance (non-
audit) fees
The annual report of the company did not show the fees paid to the
auditors for providing non-audit services separately. However, the
following services may be considered as non-audit services –
Member firms of Deloitte Touche Tohmatsu related to subsidiaries
Taxation advisory services - $ 12,916
Other advisory services - $ 51,791
10. The industry (or
industries) the company
operates in
International education services
11. Operating revenue $ 487,155,000 (pg no. 56)
12. Operating profit
before tax
$ 73,870,000 (pg no. 56)
13. Operating profit after $ 51,481,000 (pg no. 56)