AUDITING TABLE OF CONTENTS EXECUTIVE SUMMARY1 PART 21 Risk of material misstatement at financial levels 1 PART 33 Risk of material misstatement at Assertion level3 CONCLUSION 5 REFERENCES 7 EXECUTIVE SUMMARY A firm is consisting of various operational aspects which will be useful for managing the activities as well as making appropriate analysis on transactions made in a year. Thus, these are risks which have been addressed by accounting professionals or auditors with respect to have appropriate information regarding data base which disclosed by an
Risk of material misstatement at financial levels
Added on 2020-12-09
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AUDITING
TABLE OF CONTENTS EXECUTIVE SUMMARY.............................................................................................................1 PART 2............................................................................................................................................1 Risk of material misstatement at financial levels...................................................................1 PART 3............................................................................................................................................3 Risk of material misstatement at Assertion level...................................................................3 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................7
EXECUTIVE SUMMARY A firm is consisting of various operational aspects which will be useful for managing the activities as well as making appropriate analysis on transactions made in a year. In the present report, there will be discussions based on operational frameworks of Brambles Limited which deals in supply logistic group which are specialized in pooling of unit-load equipment. However, there will be consideration of materiality of organisation at Financial as well as at Assertion level. However, there will be influences of various information listed in annual report of organisation on which determination of all factors will bring suitable development in operational practices. PART 2 Risk of material misstatement at financial levels It is mainly known as material risk which can be identified in misleading in financial statements. Thus, these are risks which have been addressed by accounting professionals or auditors with respect to have appropriate information regarding data base disclosed by an entity He, Zeadally & Wu, (2018). Importance of such aspects mainly stated in ascertaining the risks as well as manipulation of operations. Integrity of management Management of all operations as well as analysing integrity of investors in making investment aand risks which are indulged with this are main aspects which are needed to be addressed and administered. It will be appropriate in determining the frauds as well as analysing bottom line signal for employees in a positive manner (Brambles Limited, 2017). It will suggest most appropriate and acceptable behaviour which will lead firm in attaining successSookhak & et.al., (2017). Thus, in relation with analysing operational performance of Brambles Limited, the company is highly committed in relation with disclosing clear and transparent information regrading financial health of business. Management experience, changes and knowledge within a period In terms of analysing the managerial experiences which determines that there will be determination of adequate information and operational management in supply chain as well as retail managementShen & et.al., (2017). Thus, Brambles Limited has been focusing on various operations and have several planned projects based on improving operational activities and strengthening the network. Professionals have been approached towards enhancing platform for 1
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