The assignment is an audit report prepared for Ingham Limited, focusing on financial analysis and risk assessment. The report begins by identifying and analyzing the business risks inherent in the company. It then performs a financial analysis using ratio analysis, examining trends and performance indicators. The report addresses materiality, identifying key accounts and their significance. Audit assertions, including existence, completeness, rights and obligations, and valuation, are discussed in relation to the material accounts. The report also outlines sampling methods, such as judgmental, selective, and random sampling, used in the audit process. The conclusion summarizes the key findings, including the identification of business risks, the evaluation of financial performance, the assessment of material accounts, the establishment of audit assertions, and the development of a sampling plan. The report references relevant auditing standards and resources.