Critical Analysis of Audit Procedures and Materiality in Regis Resources

AUDIT & ETHICS
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[Year]

Regis Resources
Executive Summary
It is important for a company to adhere to the principles of disclosures and other relevant
regulations. It needs to be carefully assessed because any ignorance can lead to immense
problem for the auditor. The current report is based on Regis Resources Ltd, a company
engaged in resources. The main aim of the report is to provide a critical analysis of the skills
in tune to materiality by undertaking audit procedures and framing opinion.
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Regis Resources
Contents
Introduction...........................................................................................................................................4
1. The level of materiality..................................................................................................................5
 Review of the various draft notes and disclosures.........................................................................6
2. Preliminary analytical review........................................................................................................7
3. Review of cash flow statement......................................................................................................8
Conclusion...........................................................................................................................................11
References...........................................................................................................................................12
Appendix.............................................................................................................................................14
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Regis Resources
Introduction
Regis Resources is a public limited company that in engaged into production of gold and
exploration. It has a strong management team that has enabled it to develop mid size gold
operations within Australia. However, for a smooth functioning of the operations, it is
essential that the company should have proper resources and stakeholders. Therefore, it is
imperative must perform the duty with due care and diligence. The current report sheds light
on analytical review of the auditor and an assessment of the financial statement of the
company.
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