Woolworths Limited: Auditing and Ethics Analysis - ACCT20075 Report

This report provides a comprehensive analysis of the auditing and ethics of Woolworths Limited for the year 2018. The analysis begins with a determination of materiality, considering various financial metrics and their relevance to the audit process. It then proceeds to a preliminary analytical review using ratio analysis, covering liquidity, profitability, solvency, and efficiency ratios from 2015 to 2018, to assess the financial health of the company and identify key audit assertions and procedures. The report also examines the cash flow statement, highlighting major inflows and outflows, and assesses the company's going concern assumption. Finally, the report analyzes the audit report issued by Deloitte, focusing on key audit matters and potential risks. The report aims to provide insights into the financial performance, audit considerations, and ethical aspects of Woolworths Limited.