Risk of Material Misstatement

Added on - Dec 2020

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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
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