This assignment presents an auditing plan for MYOB Group Ltd, outlining the audit's objectives, scope, and significant account considerations. It analyzes potential risks associated with various accounts, such as cash, property, receivables, and expenses. The plan also establishes a budget allocation of $400,000 for the audit based on the engagement letter. By addressing these key elements, the plan aims to ensure a thorough and successful audit of MYOB Group Ltd's financial statements for the 2016 fiscal year.