You are required to prepare a planning memorandum based on the 30 June 2016 Annual Report for Myer Holdings Limited. The planning memorandum must include the following: Identification of four (4) major business risks of the company and an explanation of why each factor identified is a risk to the business. (Note: the chairman’s and CEO’s report and the management discussion at the beginning of the report will assist you to identify these risks). Results of analytical procedures. (Please include your workings in an appendix). You should prepare a horizontal analysis and calculate key ratios. It is recommended that you attempt to identify and explain which changes in the horizontal analyses and which ratio results would trigger further investigation in the audit. Your identification and explanation of four (4) inherent risks that you identify from the business risks (part a) and analytical procedures (part b). (Note: inherent risks relate to risks to the financial statements). Four inherent risks in total are required. Identification of the key account and the key related assertion at risk of material misstatement based on each of the inherent risks you identify in part (c). (Identify only the most relevant assertion, do not identify more than one). An assessment of the overall inherent risk including an explanation of the factors that lead to this assessment. Planning materiality in a $ amount. Include a breakdown of your calculation and a justification of your choice of base, the percentage used and your assessment of detection risk. Assume control risk is high.
Read less
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more