Telstra Corporation: Auditing, Assurance, and Compliance Analysis

This report provides a comprehensive analysis of Telstra Corporation's auditing, assurance, and compliance practices. It begins with an executive summary and then delves into Telstra's adherence to the ASX Corporate Governance Principles, evaluating the board's structure, ethical conduct, disclosure practices, and shareholder rights. The report assesses financial risks using ratio analysis based on Telstra's 2017 annual report, including debt-to-equity and liquidity ratios, and evaluates profitability metrics. The analysis identifies areas of concern, such as a high debt-to-equity ratio and low profitability margins. The report concludes with recommendations for risk reduction, including employing internal control consultants, developing a sound risk management plan, and reviewing internal controls. The report provides a detailed overview of Telstra's financial health and compliance, highlighting key areas for improvement.