Assume that each of you is a summer vacation intern at the Melbourne office of an international accounting firm and have been assigned to a team to work together to produce a report for a partner of the firm.Specifically, the partner requires the team download and read the 30^th June 2018 financial statements of some ASX listed companies. Teams consisting of three members will access the 30^th June 2018 financial statements of AXSESSTODAY LIMITED, CROWN RESORTS LTD, and WISETECH GLOBAL LTD.Teams consisting of four members will access those three financial statements plus the 30^th June 2018 financial statements of WESFARMERS LTD.The report must:

i.explain:

the accounting policies adopted;

the disclosure of changes in accounting policies (if any);

the disclosure of changes in accounting estimates (if any);

how errors have been treated (if any);

how events after the reporting period have been treated (if any);

the role of materiality.

ii.evaluate the usefulness of this information to users of the above financial statements.The evaluation must include identification of whether the team agrees with the policies and estimates adopted, along with the treatment of errors and events after the reporting period and whether the team finds the provided information strengthens or weakens the usefulness of the financial statements.