Provide an overview of the Commonwealth Bank

Assignment Help Accounting Basics

Reference no: EM132640458

Assignment - This assignment requires you to undertake audit procedures used mainly during the planning phase of the audit process. You will need to access the latest Commonwealth Bank of Australia company report available the 2019 report.

REQUIRED -

1. Provide an overview of the Commonwealth Bank of Australia company's operations including the identification of key business risks. Justify your selection of the key business risks.

2. Apply analytical procedures to the Commonwealth Bank of Australia Balance Sheet in the latest available financial statements and identify the two key account balances at risk of material misstatement. Justify your reason for selection of these accounts.

3. Identify the two key assertions at risk for each of the two key account balances selected. Justify your selection of these assertions.

4. Outline the procedures you would use to gather sufficient and appropriate audit evidence regarding the assertions identified in point

5. Justify your selection of the audit procedures.

Your report should be structured as follows:

Executive Summary

Table of Contents

Introduction

Body

Reference List

Appendix

Reference no: EM132640458

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