Audit and Assurance Report: Dalby Logistics Limited - [Course Name]

This report provides a comprehensive audit of Dalby Logistics Limited (DLL), a bulk cargo and logistics company. The report begins with an introduction to auditing and the company's background, including its industry and going concern concept. It then delves into a financial analysis of DLL, examining its financial position and performance. A significant portion of the report focuses on identifying and analyzing the risks of material misstatements within DLL's financial statements, particularly in areas like trade payables, inventory, and cash balances. The report also discusses assertions related to each of these accounts. Furthermore, the report assesses DLL's internal controls, highlighting weaknesses and providing recommendations for improvement. The report concludes by summarizing the key findings of the audit, emphasizing the importance of the audit process in providing assurance to investors and other stakeholders regarding the accuracy and reliability of DLL's financial statements.