Importance of ASA 701 in Auditing: Analysis of Energy Industry in Australia

By student name
Professor
University
Date: 14th May, 2019.
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Executive Summary
The following assignment is based on a very important auditing standard ASA 701
Communicating Key Audit Matters in the Independent Auditor Report. It highlights
the importance of this standard to the user of the financial statements and the
auditors.The following assignment is based on the Energy industry of Australia and
two important companies of that sector are analyzed based on their annual report.
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Table of Contents
Introduction................................................................................................................ 4
Analysis...................................................................................................................... 5
AGL ENERGY LIMITED.............................................................................................. 5
Origin Energy.......................................................................................................... 7
Conclusion.................................................................................................................. 9
References............................................................................................................... 11
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