NAB Audit Report: Ethical, Legal, and Risk Analysis of NAB

This report presents an in-depth analysis of a hypothetical case study centered around the National Australian Bank (NAB) audit. It examines professional, legal, and ethical factors, identifying potential breaches and areas of concern. The report includes a SWOT and PEST analysis to identify major risk areas and assess the bank's strengths, weaknesses, opportunities, and threats. Furthermore, it calculates and interprets key financial ratios, providing insights into the bank's performance and financial health. The study also focuses on five specific risk areas within key accounts, detailing relevant assertions to mitigate identified risks. The report concludes that based on the analysis, the auditor EY should not continue their appointment. This comprehensive analysis provides a detailed overview of the NAB audit, highlighting critical aspects for financial and risk management.