CQUniversity ACCT20075: Auditing and Ethics of ST Barbara Report

This report provides a comprehensive analysis of the auditing and ethics of ST Barbara Limited (SBM), a company listed on the ASX. It begins by discussing materiality, including quantitative estimates and relevant criteria. The report then delves into a review of draft notes and disclosures, highlighting key areas of focus for auditors. A preliminary analytical review is conducted through ratio analysis, examining liquidity, profitability, solvency, and efficiency ratios, with corresponding audit assertions and procedures. Furthermore, the report analyzes the company's cash flow statement, identifying major inflows and outflows and assessing the company's status as a going concern. Finally, the report examines the audit report issued by PWC, the company's auditors, highlighting key areas of focus such as accounting for amortization, rehabilitation costs, and deferred tax assets and liabilities. The objective of this assignment is to provide a fair view of whether the audit has been conducted as per the minimum required standards.