Comprehensive Audit Program for Bounty Mining LTD: A Report
VerifiedAdded on 2023/01/19
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Report
AI Summary
This report provides a comprehensive audit program for Bounty Mining LTD, a company in the mining industry listed on the Australian Stock Exchange. The report begins with an introduction to audit programs and associated risks, including detection, control, and inherent risks. It then presents an overview of Bounty Mining LTD, highlighting key business risks such as competitive, credit, and liquidity risks, and discusses the audit risk model. The report analyzes the company's financial performance through ratio analysis, including current, quick, and debt-equity ratios, using data from 2016 to 2018. It also addresses the materiality of accounts, selecting ten material accounts and listing their balances. The report includes a comprehensive set of audit work, though the specific details are not fully elaborated, and concludes with a sampling plan, references, and a thank you. The analysis is useful for understanding financial auditing in the mining sector.
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