Company is jb hi fi

2.7 Preliminary analytical procedures -

Provide at least 5 ratios (using formulas provided by the text book or lecture notes) for the current and the prior year.

Comments on the ratios and any anticipated impact on the future audit work. -

Comments on the clients ability to operate as a going concern.

2.8 Measurement and review of financial performance

- Identify the measurement and review of financial performance (e.g. Directors remuneration, employees performance measure and incentives, loans with conditions such as maintaining a specific liquidity ratios, etc.).

- Discuss the potential impact of those identified on the future audit work.

2.9 Objectives, strategies and related business risks

- Identify the objectives or strategies (any plan to develop new products or services, or to expand the business locations, use of information technology)

- Identify the related business risks (the risk that that an entitys business objectives will not be attained as a result of external and internal forces brought to bear on an entity).

- Discuss the potential impact of those identified on the future audit work