Hi, this is my first assignment on audit. Is there any certain format for the reference form? As my lecturer said it depends on the students

Hay & Associates Chartered Accountants A110 Entity Sanford Limited Period Year ending 30 September 2017 ended Objective: To identify audit risk factors and document the calculation and justification of materiality. PSC = Procedure successfully completed W/P ref. Risk assessment procedures PSC? (Y/N) Initials Analytical Procedures (8 marks) 1. Obtain the latest interim and final financial results for the entity and analyse: a) non-financial information relevant to analytical procedures b) key financial ratios c) any negative trends, or other unusual or unexpected relationships. 2. Document the inherent risk factors identified. Yes by VS Enquiry (2 marks) Identify potential risk factors arising from publicly available information such as entity interim and annual reports, NZX announcements, website information, etc. about any of the following: a) Business objectives, industry trends and other emerging risk factors b) Major events or changes that occurred since the last financial reporting period c) Any instances of alleged, suspected or actual fraud d) Changes in related parties and any related party transactions since the last financial reporting period e) Any going concern events or conditions f) Transactions, events, and conditions since the last financial reporting period that give rise to accounting estimates g) Nature, extent and status of litigation/claims against the entity or key personnel h) Any non-compliance with required filings (tax returns, etc.), declarations, and other regulatory requirements. Yes by VS Materiality (3 marks) 1. Calculate overall materiality for planning purposes in accordance with H&A audit methodology, based on 2015 financial year results. Justify the choice of the basis of materiality. 2. Identify material Financial Statement items and areas of high risk of material misstatement. Yes by VS Conclusions a) Conclusion as a result of completing the risk assessment procedures above (2 marks) Specific areas of inherent risk are identified as: The overall assessment of inherent risk at financial statement level is rated as follows: (circle one) Low Risk Moderate Risk High Risk Basis of conclusion: Prepared by Dat e Reviewed by Dat e Hay & Associates Chartered Accountants A120 Entity Sanford Limited Period ended Year ending 30 September 2017