This report examines the audit of Star Entertainment Group Limited, focusing on the application of materiality, analytical review, and ethical considerations. It begins with an introduction to the company and its industry, followed by an in-depth analysis of materiality, considering both quantitative and qualitative factors. The report then delves into a preliminary analytical review, evaluating key financial ratios such as profitability, current ratio, quick ratio, and debt-to-equity ratio. It also explores the company's cash flow interpretation, highlighting the significance of statutory requirements and their impact on the organization's performance. The report concludes by summarizing the main findings and emphasizing the importance of adherence to independent statutory requirements for maintaining a strong position in the industry and achieving long-term goals. The analysis includes considerations of financial risks, guarantees, and contingent liabilities, offering insights into the company's financial health and auditing practices.