1. Identify and explain three key or significant audit matters that were raised in the audit report that may lead to the risk of material misstatement in the financial report

https://smm-corporate.s3.amazonaws.com/Annual+Report+2019.pdf

For every Key audit matter identified, discuss how the auditors responded to each matter raised. You are to discuss your own point of view about each of the key audit or significant matters, how they are important and their impact on the financial reports if not corrected.

Use the following Table as a template

Key Audit Matter	How the scope of the audit responded to the Key Audit Matter
1
Discuss your view of the key audit matter, how it is important and its impact if it is not corrected.