This report provides a detailed analysis of auditing and assurance principles, using Harvey Norman as a case study. It begins with an executive summary outlining the report's key components, including the auditing process and its role in ensuring the accuracy of financial statements. The report explores the overview of Harvey Norman, an Australian retail company, and then delves into an analytical review of its financial statements, examining total current assets, other financial assets, intangible assets, and interest-bearing loans and borrowings. For each area, the report identifies relevant assertions, impacted ledger accounts, and suggested audit procedures. Furthermore, the report examines corporate governance practices and the role and benefits of the audit committee within Harvey Norman, highlighting its importance in maintaining financial integrity and investor confidence. The conclusion summarizes the key findings, emphasizing the significance of auditing in verifying financial accuracy and supporting informed decision-making by financial statement users and the society as a whole.