AUDITING. INTRODUCTION. It is a process which is been c

The ASX company for this assignment is CARSALES.COM and one more thing can you please make some powerpoint slides as well. File attached for more description about the assignment.

AUDITING

INTRODUCTION
 It is a process which is been carried
upon the financial statement of the
company
 To check the check have complied all
the rules and regulation
 To check the principle of true and fair
view

OVERVIEW OF CARSALES.COM
 It is an online based company
 It deals in automobile
 It deals in motorcycle
 It carry its business in Australia

Types of business risk
 Liquidity Conditions
 Unfavorable Economy
 Competitors

Types of Audit risk
 Detection Risk
 Control Risk
 Inherent Risk

Planning Materiality of the company
 As per the company Carsales.com is
been used so the base amount is
been consider as sale of the
company and the estimate is been
consider as 4% so the computation
of the planning materiality is been
listed below:
 Planning Materiality = Revenue *
4%
 = $444009 * 4%

Audit Risk Model

CONCLUSION
 It show the importance of auditing in
the company
 Types of business risk
 Types of Audit risk
 Planning Materiality
 Analytical review of the company

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