Concept of Auditing Solved Assignment

Auditing

EXECUTIVE SUMMARY
This project report summarises the general concept of auditing and different key audit matters
that are identified by auditors while analysing the financial statements of the company. It also
consist information which is required to the different stakeholder such as investors, suppliers and
creditors to make investing and other decisions.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Wesfarmers overview..................................................................................................................2
Auditor Independence:................................................................................................................2
Non Audit services:.....................................................................................................................3
Auditor remuneration:.................................................................................................................4
Audit committee:.........................................................................................................................5
Audit opinion:.............................................................................................................................6
Key Audit Matter:.......................................................................................................................6
Different in roles of director and auditors:..................................................................................7
Subsequent events ......................................................................................................................8
Follow up question asked to auditor:..........................................................................................8
CONCLUSION ...............................................................................................................................8
REFERENCES..............................................................................................................................10