Dealtime Ltd is a company that has substantial investments in south-east Asia and carries out a significant volume of trading with the region. The company has substantial shareholdings in a number of south-east Asian companies and has a controlling interest in Pakti Ltd, listed in Malaysia. Dealtime undertakes substantial trading with the majority of these companies, and the majority of the trading is associated with importing household products for resale.

You have been assigned to perform the audit of Dealtime Ltd for the year ended 30 June 20X1. In April 20X1 the stockmarkets of a number of south-east Asian countries dropped substantially. Many of their currencies also devalued substantially during the year.

Required

Discuss issues to be considered and risks associated with performing the audit of investments for Dealtime Ltd for the year ended 30 June 20X1.