Enhanced Auditor Reporting in Australia: A Case Study of AGL Limited

Topic: How is Enhanced Auditor Reporting being embraced in
Australia?

Executive summary
The following words is completely related to the observation of auditing practice presented by an
organisation selected to be the AGL Limited. There has been quite expensive evaluation of work
done in the following work related to every specific information that an organisation must
consider to expand their success rate in future period of time. The following work has analysed
the ways by which auditing information as well as documents that are required by any company
is clearly provided by a g l Limited or not. Specific consideration of work regarding the
remuneration sheet as well as the amount spent against the top tier management group of the
organisation is provided evident source.

Table of Contents
Introduction 2
Analysis 2
Providing an analysis of the Auditor’s remuneration and explanations of the remuneration. 3
What type of Audit Opinion was expressed? 6
Conclusion 9

Introduction
The study shall mainly take the consideration of carrying out a detailed analysis of the annual
reports of a company. For the convenience of the study, The AGL Limited Group has been
chosen. It is an Australia based organization which is related to the energy and power services
Industry. It procures and supplies power, electricity and Gas and supplies them for residential
and another different kind of commercial use. Documents such as the Auditor’s Independence
Declaration, Non-Audit services performed by the Auditor, Auditors’ remuneration and the
Independent auditor’s report has been studied and different kind of information has been
gathered from them. The auditor’s compliance with the Independence needs have been checked,
then the provision of various non-audit services have been taken into account. Things such as
detailed study about auditor's remuneration, Key audit matters, details about the Audit
Committee, various kinds of audit opinions, Director’s responsibilities with that of Auditor’s
responsibilities, details about materials events and testing of material information. The study has
shall take an end with the different questions that could have been asked to the auditors and then
at the last, with an ending note of Concluding remarks.
Analysis
Auditor’s compliance with Independence requirements
It can be said that the Auditor has complied with all of the Independence requirements. It has
been clearly mentioned in the Auditor's Independence declaration that the auditing has been
conducted and the reporting has been done in compliance to the section 307C of the
Corporations Act 2001 (www.cpa australia.com, 2018).