Auditing Report: Financial Statement Analysis of ABC Learning

This auditing report provides a comprehensive analysis of ABC Learning, focusing on the company's financial statements, internal controls, and overall financial performance. The report begins with an executive summary, followed by an introduction to auditing and an overview of ABC Learning, an Australian early childhood education provider. It delves into company developments, analytical reviews (including Dupont, common size, trend analysis, and Beneish M-Score Model), and the audit scope and approach. The report outlines the audit planning process, scope of work, control environment assessment, IT general controls assessment, responsibilities related to fraud, and internal audit procedures. It also covers confirmation of independence, materiality, risk assessment, audit engagement, and reporting, including fees and team composition, concluding with references and an appendix containing supporting data and calculations. The report assesses the company's financial health, identifies potential risks, and provides insights into areas requiring attention.