This report provides an analysis of audit assurance, focusing on analytical procedures, inherent risks, and their impact on financial reporting. The report examines the use of analytical procedures to assess the authenticity of transactions and identify potential issues such as increased ebook storage fees, bad debts, and cash management. It also discusses two types of inherent risks: segregation of duties and misstatements, and how these risks affect the auditor's opinion. Furthermore, the report addresses the importance of proper inventory recording and currency conversion for a printing firm, highlighting the impact of these factors on the auditor's report and the need for communication with those charged with governance to ensure accurate financial statements. The report concludes by emphasizing the importance of a clean audit report based on the auditor's findings.
![[object Object]](/_next/static/media/star-bottom.7253800d.svg)
