***ANTIPA MINERALS Ltd ***

Part 1:Understanding a Client to Plan a Financial Report Audit,

1. General and industry-specific economic trends and conditions
2. Competitive environment
3. Product, customer and supplier information
4. Technological advances and the effect of the internet
5. Laws and regulatory requirements.
6. Other area

Part 2: Risk of Material Misstatement (Inherent Risk) at the Financial Report Level,

a)Explain why the account balance is at significant risk of material misstatement

b)Explain one, key assertion at risk of not being valid

c)Detail one (1) relevant substantive audit procedure to address the assertion at risk as identified in b) above

d)Detail one (1) relevant practical internal control that would mitigate the risk in relation to the assertion at risk as identified in b) above.

IMPORTANT :

For this Report I only need Executive summary and Introduction to the report. Both of 150 words Each