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University : Edith Cowan University

Course Title : ACC3510

Uploaded by : Mark polee

Auditing

Contents

Basis for Adverse Opinion

Emphasis of matter

Audit report of adverse opinion

Key Audit Matter

Audit procedures carried out to resolve the above Key Matter

Bibliography

Basis for Adverse Opinion

As per the findings of our research that was carried out to ascertain the truth behind the allegations made on the company and its directors and senior officials in relation to mismanagement of the affairs of the company, failure to act reasonably and take the required measures for dealing in asbestos (which is a dangerous product causing severe health conditions), intentional avoidance by the company of payment of compensation to the aggrieved customers and most importantly the failure to provide accurate information to the Australian Stock Exchange and making a misleading announcement to the Stock Exchange, it was concluded by us that all the allegations made against the company ....

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