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Learning Activity 2 Preliminary Audit Planning: Loblaw Companies Limited Loblaw Company Limited opened their first store in 1919 and is now the largest food retailer in Canada with over 1.000 corporate and franche supermarkets and 545 billion in revenue generated annually. Under the Loblaw umbrella are included companies such as PC Financial Shoppers Drug Mart, PC Mobile, Loblaw Properties. Joe Fresh T&T Groceries as well as many other brands. Assume your class has just been approached by the Loblaw Board of Directors to conduct the annual year end audit for Loblaw Company Limited. After doing some preliminary research on the auditee organization's business and environment, describe somerinks inherent in the company as part of the process to decide whether to accept the financial statement audit engagement. In addition, see if you can identify any mitigating factors which reduce the risk. Should our class accept the financial statement audit engagement request from Loblaws Board of Directors? Defend your position Loblaw Company Limited opened their first store in 1010 and is now the largest food reader in Canada with over 1000 corporate and tranche permarkets and 145 billion in revenue generated annually under the Loblaw umbrella are included companies such as PC Financal Shoppers Dr Mart. DC Mobile Loblaw Properties of 11 Groceries as well as many other brands. Assure your class has just been approached by the Loblaw Board of Directors to conduct the annual year and audit for Low Company Limited. After doing some preliminary research on the auditee organizations beness and erwironment, describe somerike inherent in the company as part of the process to decide whether to accept the financial statement audit engagement. In addition see if you can identity any mitigating factors which reduce the risk. Should our class accept the financial statement audit engagement request from Loblaws Board of Directors Defend your position Learning Activity 2 Preliminary Audit Planning: Loblaw Companies Limited Loblaw Company Limited opened their first store in 1919 and is now the largest food retailer in Canada with over 1.000 corporate and franche supermarkets and 545 billion in revenue generated annually. Under the Loblaw umbrella are included companies such as PC Financial Shoppers Drug Mart, PC Mobile, Loblaw Properties. Joe Fresh T&T Groceries as well as many other brands. Assume your class has just been approached by the Loblaw Board of Directors to conduct the annual year end audit for Loblaw Company Limited. After doing some preliminary research on the auditee organization's business and environment, describe somerinks inherent in the company as part of the process to decide whether to accept the financial statement audit engagement. In addition, see if you can identify any mitigating factors which reduce the risk. Should our class accept the financial statement audit engagement request from Loblaws Board of Directors? Defend your position Loblaw Company Limited opened their first store in 1010 and is now the largest food reader in Canada with over 1000 corporate and tranche permarkets and 145 billion in revenue generated annually under the Loblaw umbrella are included companies such as PC Financal Shoppers Dr Mart. DC Mobile Loblaw Properties of 11 Groceries as well as many other brands. Assure your class has just been approached by the Loblaw Board of Directors to conduct the annual year and audit for Low Company Limited. After doing some preliminary research on the auditee organizations beness and erwironment, describe somerike inherent in the company as part of the process to decide whether to accept the financial statement audit engagement. In addition see if you can identity any mitigating factors which reduce the risk. Should our class accept the financial statement audit engagement request from Loblaws Board of Directors Defend your position
