Comprehensive Audit and Ethics Report for Metcash Limited - ACCT20075

This report provides a comprehensive audit and ethical analysis of Metcash Limited, an Australian conglomerate. It begins with an introduction to the company, followed by a detailed examination of materiality, including its importance and calculation based on financial data. The report then delves into analytical reviews using ratio analysis over a four-year period, identifying key management assertions and relevant audit procedures. A thorough analysis of the company's cash flow statement is presented, assessing the going concern assumption, alongside an examination of the audit report and the auditor's opinion. The analysis highlights areas of concern, such as declining profitability and increased debt, while also acknowledging the auditor's positive opinion. The report concludes by summarizing the key findings and observations regarding Metcash Limited's financial performance and ethical considerations.