Companies: - Healius limited - Telstra Ltd Inherent risk to Telestra Ltd:

The first Telestra inherent risk is transference of equity to the National Broadband Network (NBN). The second inherent risk is establishment of international subsidies. The third one is the creating of holding companies.

Inherent risk to Healius Ltd:

The inherent risks is complexity in transactions. The second one is consideration of precise estimates in government grants.

Which audit procedures and/or tasks would you have planned to carry out in response to the inherent risks identified above? Cite the relevant ASAs/ISAs to support your answer.