Auditing and Assurance Services for Amcor Limited

Running head: AUDITING AND ASSURANCE SERVICES
Auditing and assurance services
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AUDITING AND ASSURANCE SERVICES
Executive summary:
The report is prepared for evaluating the assurance services of auditors of Amcor limited listed
on Australian stock exchange. For the purpose of analysis, report includes the evaluation of
compliance of auditors with independent requirement along with analysis of non audit services.
Analysis of remuneration of auditors has been presented along with evaluation of key audit
matters. In addition to this, the evaluation of audit committee of Amcor limited in terms of
function, structure and responsibilities. The material information that has been identified by the
auditors is assessed by presentation of adequate reasons.

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AUDITING AND ASSURANCE SERVICES
Table of Contents
Introduction:....................................................................................................................................4
Discussion:.......................................................................................................................................5
1) Evaluation of the auditor’s assurance services:...........................................................................5
2) Compliance of auditors with independence requirements:.........................................................6
3) Nature of non audit services:.......................................................................................................6
4) Analysis of remuneration of auditors:.........................................................................................6
5) Evaluation of key audit matters:..................................................................................................8
6) Evaluation of audit committee:.................................................................................................10
7) Audit opinion expressed:...........................................................................................................12
8) Difference between the auditors and management responsibilities:.........................................12
Conclusion:....................................................................................................................................14
Reference list:................................................................................................................................15

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AUDITING AND ASSURANCE SERVICES
Introduction:
The report is prepared for summarizing and evaluating the assurance services provided by
auditors for Client Company. This include analysis of other pertaining areas of auditing such as
non auditing services, remuneration, audit committee, key audit matters, audit opinion, audit
committee (Kiss et al., 2015). For the purpose of analysis of auditor’s assurance services, the
company that has been selected is Amcor limited. Amcor limited is a global leader in producing
and developing high quality and packaging for variety of beverage, food, pharmaceutical,
medical device, home care products in a responsible manner. It has been found from the annual
report of company that they relies conducting internal second party audits on a three year
frequency. The action plan of company addresses continuous efforts for improvement and
findings of audit. Monthly report on compliance with Amcor standards and safety performance
is provided by the business group of Amcor to the board of directors. A global initiative is
implemented by organization relating to injuries and conducting audit across all manufacturing
units (Alon & Vidovic, 2015). Moreover, report also demonstrates the assessment of
effectiveness of material information that is reported by the auditors of Amcor limited.
Discussion:
1) Evaluation of the auditor’s assurance services:
The audit committee of Amcor limited is a platform for processing regular reporting
about the framework of risk to the board. Management of Amcor undertakes review of
independent loss prevention audits and purchasing external assurance whenever it is considered
appropriate. In the current financial year as for the financial report for year 2018, the auditor of
Amcor limited is Pwc (PricewaterhouseCoopers) that performed statutory duties along with