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Advanced Auditing and Assurance
This assignment is to be based on Vectus Biosystems Limited (ASX code-VBS).
3. The build of the assignment, Times New Roman, Size 12 font, double spacing). Use of headings, tables and graphs is encouraged. Each page must be numbered. Appropriate reference citations throughout the assignment is expected.
Failure to meet the above length and format requirements will incur a 5-mark penalty.
Assume that the audit for Vectus Biosystems Limited (Vectus), a pharmaceutical company, will be coming up for tender. You and your colleague are required to prepare a client evaluation report based on your research for the senior members of your auditing firm. Your report should provide preliminary information as to whether or not the auditing firm should consider tendering for the audit of Vectus.
You should conduct extensive research and perform an analysis of the annual report of Vectus for the year ended 30 June 2017 and any other relevant information (Hint: Company’s website and Business news) that you have obtained.
In your report, you must address the following issues:
3. Identify FOUR significant business risk factors that the auditor needs to consider for the Vectus group engagement. Describe how these risks may lead to potential
material misstatements in the financial report. (8 marks)
Originally posted 2018-04-29 17:47:43.