This report details the development of an audit program for Shaver Shop Group Limited, a company listed on the Australian Stock Exchange. The assignment begins with an executive summary, followed by an introduction outlining the scope and objectives. It then delves into the identification of key business risks affecting Shaver Shop, including economic conditions, competition, changing consumer trends, and supply chain disruptions. The audit risk model is applied to assess the inherent, control, and detection risks, leading to an overall risk assessment. Analytical procedures are performed on the statement of financial position to evaluate the company's efficiency, liquidity, profitability, and solvency. The report identifies material account balances and designs comprehensive audit steps, including sampling plans, for each balance. The report concludes with a summary of findings and references.
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