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Analysis of ASA 701 and Key Auditing Matters in Telecommunications Industry

   

Added on  2023-03-20

10 Pages3551 Words69 Views
Running head: AUDITING.
AUDITING
Name of the Student
Name of the University
Author Note

1AUDITING
Executive Summary
The end of 2015 witnessed the introduction of a new standard named ASA 701, which was
related to the Key auditing matters. Since then, it has become the essential duty of the firm to
outline all the critical audit matters in their annual reports. This section of the report is
independently laid down by the different auditor firms present. The report describes an analysis
of the ASA 701 and its use. In addition to this, the case of two relevant companies in the
telecommunications industry in Australia has been undertaken, and an analysis of the same has
been done.

2AUDITING
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Analysis...........................................................................................................................................4
TPG Limited................................................................................................................................4
Telstra..........................................................................................................................................5
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

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