Analysis of Vanguard FTSE All-World ex-US Index Fund Annual Report

Finance Assignment

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By student name
Professor
University
Date: 25 April 2018.
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Executive Summary
A report has been prepared on the company Vanguard FTSE All-World ex-US Index Fund,
which is involved in trading and other such activities over the trade counter. In the given
assignment, the annual report of the company has been analysed in terms of materiality concept,
the quantitative estimate of the materiality for the company has been determined and why it is
important from the audit perspective has been discussed. The draft notes and disclosures in the
annual report has also been studied to determine what the preliminary analytical audit review
procedures are. The same has been conducted using the profit and loss account and the balance
sheet ratio and trend analysis over the years. The audit plan has been prepared for few of the
audit risk activities with management assertion. Finally, in section 3 of the report, the cash flow
statement of the company has been analysed as to what are the major activities which are
contributing to the inflow and the outflows and what are the major non cash investing and
financing activities for the company. The going concern assumption as well the the opinion of
the auditors in the financial statement has been analysed to check if there are any audit risks or
concerns.
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Contents
Section 1: Materiality concern of the entity................................................................................................4
Section 2: Preliminary analytical review of the company............................................................................5
Section 3: Review of the cash flow statement of the company...................................................................8
References.................................................................................................................................................10
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