Assessment | Materiality and Scope of Audit of a Company

Running head: AUDIT
AUDIT
Name of the Student
Name of the University
Author Note

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AUDIT
Table of Contents
Introduction................................................................................................................................2
Section 1.....................................................................................................................................2
Materiality and Scope of Audit..............................................................................................2
Review of Company Disclosures...........................................................................................4
Section 2.....................................................................................................................................4
Application of Analytical Procedure......................................................................................4
Section 3.....................................................................................................................................6
Analysis of company cash flow.............................................................................................6
Review Annual Report...........................................................................................................6
Conclusion..................................................................................................................................7

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AUDIT

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AUDIT
Introduction
Each company have to make proper accounting information so that the user will able
to get accurate information about the company financial statement. Company having proper
knowledge of presenting the information in company financial statement is check by the
process of audit1. The auditor is the one who inspect the financial statement properly so that it
can know whether the company is able to meet all the accounting standard or not. The
company should able to make proper adjustment in the business so it can show all the related
information about the company business in their financial statement. The report deals with
the company name I shares which is the family of exchange-traded fund and managed by
Black Rock. The report show different aspects of the company in regards of audit and how
the auditor is able to meet the requirement process of auditing in company financial
business2. Auditor should able to analysis all the company aspects so that it can get proper
detail of company financial statement so that the auditor is able to give proper opinion upon
the company financial statement.
Section 1
Materiality and Scope of Audit
The objective of these report to show the materiality and scope of audit about the
company I Shares3. The company financial report is been consider to carry the audit process
1 Alzeban, Abdulaziz, and David Gwilliam. "Factors affecting the internal audit effectiveness: A survey of the
Saudi public sector." Journal of International Accounting, Auditing and Taxation 23.2 (2014): 74-86.
2 Arena, Marika, and Kim Klarskov Jeppesen. "Practice variation in public sector internal
auditing: an institutional analysis." European Accounting Review 25.2 (2016): 319-345.
3 Baharud-din, Zulkifli, Alagan Shokiyah, and Mohd Serjana Ibrahim. "Factors that
contribute to the effectiveness of internal audit in public sector." International Proceedings of
Economics Development and Research 70 (2014): 126.