OVERVIEW This assignment requires you to undertake audit procedures used mainly during the planning phase of the audit process. You will need to access the latest Insurance Australia Group company in the report available -the 2019 report REQUIRED 1. Provide an overview of the companys operations including the identification of key business risks. Justify your selection of the key business risks. 2. Apply analytical procedures to the Balance Sheet in the latest available financial statements and identify the two key account balances at risk of material misstatement. Justify your reason for selection of these accounts. 3. Identify the two key assertions at risk for each of the two key account balances selected. Justify your selection of these assertions. 4. Outline the procedures you would use to gather sufficient and appropriate audit evidence regarding the assertions identified in point 3. Justify your selection of the audit procedures. Your report should be structured as follows: Cover Page Executive Summary Table of Contents Introduction Body Reference List Appendix Word Limit: 3,000 words