Based on the 2020 Annual Report for Myer Holdings Limited, a planning memorandum is needed for the audit partner which includes the following:

1. Identify Four major business risks of Myer Holdings Limited and provide a detailed and in-depth explanation of why each factor is identified as a risk to the business with multiple sources of supporting evidence.
2. Calculate planning materially in a dollar ($) amount. You must include a breakdown of your calculation and a justification of your choice of base,the percentage used, and your assessment of detection risk. Assume the company's control risk is high.
3. Determine and discuss the number of methods the company can implement to overcome the high control risk with multiple sources of supporting evidence. Assume the company's control risk is high.

Myer Holdings Limited 2020 annual report: https://investor.myer.com.au/FormBuilder/_Resource/_module/dGngnzELxUikQxL5gb1cgA/file/Myer_Annual_Report_2020.pdf