The present report is based on assessing financial performance of BHP Billiton and Qantas. The report will address the key business and inherent risk for both the companies in the industry in which it operates. The report will further assess the audited reports of Qantas and BHP Billiton to determine the nature key audit test conducted. Further evidences would be provided relating to audit approaches for both Qantas and BHP Billiton with necessary information relating to auditors opinions of both the companies.

Group Assignments of Auditing

This assessment requires students to form groups of four and analyze the 2016 annual reports of two Australian ASX listed companies. The report should include a comparison of the financial statements, an explanation of the nature and core business of the companies, and an identification of key business and inherent risks for the industries in which the companies operate.

Report on business and inherent risks for BHP Billiton and Qantas Airways, auditors' findings, recommendations, control tests, and audit approaches.

Auditing Theory and Practice - Desklib

Auditing Theory and Practice

The article discusses the risk of material misstatement in BHP's annual report in 2018 and how it impacts the auditor KPMG in the assessment process of the financial statement. It identifies various events that may lead to material misstatement, such as the Gulf of Mexico financial loss, low-price environment, and Samarco dam failure. The article also explains the stages of audit evidence in the context of BHP and the importance of assessing material risks.

Hartpury University and Hartpury College

Finance

Anthropology

Identifying Risk of Material Misstatement in BHP's Annual Report

Auditing Theory

This article discusses the key audit events of BHP Billiton and their impact on audit planning. It also evaluates the risks of material misstatements and the compliance of financial reports with IFRSs and AASBs.

Data Science and Big Data

Political Science

Reflecting The Learning Experience

This report is an audit and assurance report of BHP Billiton Limited, an Australian public listed company operating in mining, petroleum, and metals. The report covers the roles and responsibilities of auditors, key audit matters, non-audit services provided by auditors, remuneration of auditors, and more. The report also includes the structure and composition of the audit and risk management committee, functions of auditors, and the opinion of auditors regarding the financial statements.

Audit and Assurance Report of BHP Billiton Limited | Desklib

This report presents a financial analysis of BHP Billiton and Caltex Limited, including their comparative advantages, performance ratios, capital structure ratios, and liquidity ratios. The report also includes share price movements and factors affecting the share price, as well as a recommendation letter for investment. The analysis is based on the financial statements of the past three years.

Financial Analysis of BHP Billiton and Caltex Limited

This report presents a discussion on the financial performance of Qantas Airways Limited. It is one of the oldest airlines in Australia, which was established in 1920. The headquarter is situated in Sydney. It becomes the largest airlines in the country when it acquired Australian Airlines in 1992. The main area of operation is the transportation of commuters and freight.

Auditing Theory and Practice

Identifying Risk of Material Misstatement in BHP's Annual Reportlg...

Auditing Theory and Practicelg...

Reflecting The Learning Experiencelg...

Audit and Assurance Report of BHP Billiton Limited | Deskliblg...

Financial Analysis of BHP Billiton and Caltex Limitedlg...

Financial and Economic Interpretation of Qantas Airlineslg...

Identifying Risk of Material Misstatement in BHP's Annual Report

Auditing Theory and Practice

Reflecting The Learning Experience

Audit and Assurance Report of BHP Billiton Limited | Desklib

Financial Analysis of BHP Billiton and Caltex Limited

Financial and Economic Interpretation of Qantas Airlines